MUMBAI : The ₹9,375 crore initial public offering (IPO) of online food delivery platform Zomato Ltd got fully subscribed on the first day of bidding, on the back of overwhelming response from retail investors. The issue received bids for 746.97 million shares against an IPO size of 719.23 million shares. While the qualified institutional buyer category was subscribed 98%, employees category was subscribed 18% and the non-institutional investor category was subscribed 12%. For FY21, Zomato recorded 32.1 million average monthly active users (MAUs), of which 6.8 million monthly transacting users (MTUs) placed transactions. Kotak Mahindra Bank, Morgan Stanley India, and Credit Suisse Securities, BofA Securities and Citigroup Global Markets are book-running lead managers.

Source: Mint July 14, 2021 11:37 UTC