Zomato raises Rs 4,197 crore from 186 anchor investors

MUMBAI: Online food delivery and restaurant discovery platform Zomato has raised Rs 4,197 crore from 186 anchor investors Tuesday ahead of IPO opening. The company informed the stock exchanges that it had allotted 55.22 crore equity shares to anchor investors for Rs 76 per equity share.

The funds raised through anchor investors are almost 45 per cent of the total issue size. Overall, 75 per cent of the issue size is reserved for qualified institutional buyers, while 25 per cent of shares have been reserved for high net worth individuals and retail investors.

Marquee investors such as New World Fund, Tiger Global Investment Fund, Fidelity Fund, Baillie Gifford Pacific Fund, Morgan Stanley Investment Fund, Canada Pension Plan Investment Fund, Government of Singapore, Kotak Flexicap Fund, among others, were allotted more than 2 per cent of the anchor book.

Out of the 55.22 crore shares allocation, 18.41 crore shares were allotted to 19 domestic mutual funds such as SBI, Axis, Aditya Birla, Kotak, Mirea, Motilal, UTI, Nippon India, HDFC, IIFL, Sundaram, Tata, and Principal, among others.

Zomato IPO will open for subscription on Wednesday, 14 July, and close on Friday, July 16, 2021. The price band of Zomato IPO is being fixed at Rs 72-76 per share of the face value of Rs 1 each. The Rs 9375 crore IPO comprises a fresh issue of equity shares worth Rs 9,000 crore and an offer for sale (OFS) worth Rs 375 crore by existing investor Info Edge (India).