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Zomato to raise $1.26 billion with ₹76 per share in IPO: Report

Online food delivery giant Zomato which had launched its Initial Public Offering (IPO) for retail investors between July 14 and July 16 is likely to finalise the share allotment on Thursday, before listing the shares on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on July 27. Said to be the largest public offering of the year so far, the ₹9,375 crore Zomato IPO received an overwhelming response from investors and saw oversubscription of 38.25 times during the three-day period on the back of strong response from Qualified Institutional Buyers (QIB) and retail buyers.

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