wordpress blog stats
Connect with us

Hi, what are you looking for?

Anchor investors signal confidence in Zomato ahead of IPO, invest Rs 4,197 crore

The food delivery platform attracted investments from international names like Goldman Sachs and JP Morgan ahead of its IPO launch on July 14.  Online food delivery platform Zomato raised Rs 4,197 crore from 186 anchor investors ahead of its initial public offering (IPO) that opens today, a filing with the NSE revealed. Why this matters? Anchor investors are qualified institutional investors who are invited to subscribe to the shares before the IPO. The price they subscribe at reflects the investors' confidence and the demand for the company's shares. Zomato's investors subscribed at a price of Rs 76 per equity share, the highest-end of the band issued by the company. This comes on the heels of the National Restaurant Association of India (NRAI) asking the Competition Commission of India (CCI) to investigate the “inherently anti-competitive practices” of Zomato and Swiggy. Details of the anchor investment The anchor investors subscribed for a total of 55,21,73,505 equity shares, which represents around 42 percent of the IPO. Overall, 75 percent of the issue size has been reserved for qualified institutional buyers, 15 percent for high net worth individuals, and 10 percent for retail investors. The investors include international names like Tiger Global, BlackRock, Fidelity, Goldman Sachs, JP Morgan, the Government of Singapore, and Morgan Stanley. Nineteen Indian mutual funds run by the likes of SBI, Kotak, HDFC, Axis, and Motilal Oswal subscribed to 184,104,960 equity shares, about 33 percent of the total funds from anchor investors. The complete list of anchor investors can be found here. Details of the…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ