Zomato IPO Opens, Company Raises Over Rs 4,196 Cr From Anchor Investors

Zomato IPO opened on 14 July.

(Photo Courtesy: Zomato)

Food tech company Zomato Ltd on Wednesday, 14 July, launched its three-day initial public offering comprising of a fresh issue of Rs 9,000 crore and sale of shares worth Rs 375 crore by existing investors, BloombergQuint reported.

The anchor investors’ portion in the public issue of Zomato Ltd on Tuesday was subscribed at Rs 76 per equity share.

Who Are the Investors?

According to IANS, the investors include New World Fund at 3.91 percent, Tiger Global at 3.87 percent, Fidelity Funds-India Focus Fund at 2.54 percent, Baillie Gifford Pacific Fund at 2.99 percent, Morgan Stanley Asia Opportunity Fund at 2.74 percent, Canada Pension Plan Investment Board at 2.99 percent, Government of Singapore at 2.30 percent, Kotak Flexicap Fund at 2.17 percent, Mirae Asset Large Cap Fund at 1.43 percent, and Franklin India Flexi Cap Fund at 1.95 percent.

A total of 186 investors participated in the anchor investors portion of the public issue and raised over Rs 4,196 crore in lieu of 55,21,73,505 equity shares at Rs 76 each.

Zomato is going public as a professionally run company as none of its 74 shareholders hold more than 25 percent stake in it.

Founded in 2008, Zomato has three businesses: Food delivery, Hyper Pure, and Zomato Pro.

According to its IPO filings, Zomato's international segment contributes about a tenth to its business and 2.5 percent to its total assets.