Zomato Ltd. has efficiently raised Rs 8,500 crore by means of certified institutional placement, issuing 33.64 crore fairness shares at a problem worth of Rs 252.62 per share. The value features a premium of Rs 251.62 per share, with a 5% low cost on the ground worth of Rs 265.91. The QIP, which opened on Nov. 25 and closed on Nov. 28, was oversubscribed, with vital participation from institutional buyers.
The extra capital raised will enhance Zomato’s paid-up fairness share capital to Rs 917 crore, consisting of the identical variety of fairness shares. The funds can be utilised to strengthen Zomato’s monetary place and assist its future progress initiatives.
Notably, main institutional buyers like ICICI Prudential India Alternatives Fund and HDFC Mutual Fund have been allotted a considerable portion of the QIP. ICICI Prudential India Alternatives Fund, for instance, acquired over 22 million shares, accounting for six.69% of the overall subject dimension. Different massive buyers embrace HDFC Trustee Co. and Motilal Oswal Mutual Fund.
