MUMBAI: Shares of online food aggregator Zomato will list on the BSE on Friday, the stock exchange said in a notification to members.
On Friday, the bourses will hold a special pre-open session for the stock for 15 minutes ahead of its listing at 10:00 am.
The allotment process for Zomato’s shares was conducted today for those investors who had participated in the company’s initial public offering last week.
Zomato raised over $1 billion through a fresh issue of equity and offer for sale in the primary market. The company’s IPO was subscribed 40.38 times with the issue receiving bids worth over Rs. 2 lakh crore.
Prior to the IPO, the company had raised Rs. 4,197 crore from over 185 institutional investors in an anchor issue.