Zomato IPO gets oversubscribed by 38 times

Tribune News Service

Updated At : 12:12 PM Jul 17, 2021 IST

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New Delhi, July 16

Zomato’s mega initial public offering (IPO) ended with a bumper 38 times oversubscription on Friday as institutional investors poured money to get a pie of the hottest online food delivery platform.

Zomato got bids for 2,751.25 crore shares against 71.92 crore shares on offer, stock exchange data showed. The IPO is India’s biggest since March 2020. — PTI

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