New Delhi: In addition to delivery, the initial public issue (IPO) of Zomato, a company that provides menus of various restaurants on its platform, received 38 times more bids on the third and last day. Retail investors, who remained quiet in the first two days of the IPO, bid several times more than the number of shares reserved for themselves. According to stock market data, online food distribution company Zomato received applications for a total of 2,751.25 crore shares against 71.92 crore shares covered under the offer.

Non-institutional investors applied for 640 crore shares as compared to 19.42 crore shares of the share reserved for themselves. This is 52 percent higher than the reserved shares. In addition, retail individual investors bid a total of 7.45 times more than the 12.95 crore shares reserved for them. However, the company has received only 62 percent of the donations for 65 lakh shares kept separate as part of the employees. The IPO was open on Wednesday and closed on July 16. As per the information furnished to the Bombay stock exchange (BSE), its price band was kept at Rs 72 to Rs 76. The lot size for this was 195 shares. That is, bids could be made for shares in 195 shares and multiples.

Zomato has already collected Rs 4,196.51 crores from 186 anchor investors on July 13. The size of the IPO has come down from Rs 9,375 crores earlier to Rs 5,178.49 crores. It is considered to be the second-largest IPO. Zomato expects to raise a total of Rs 64,365 crores through this IPO.

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