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BSE says Zomato's shares to list on its exchange on Friday

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The Economic Times
22nd July, 2021 20:13 IST

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.

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