Zomato’s IPO in the market today, how many shares can you buy, what is the price? | Zomato ipo price band issue size achor portion subscription information
Zomato IPO | Zomato is currently the leading food delivery company in India. The company operates in 23 countries. It is expected to be the second largest IPO in the stock market so far.
New Delhi: The initial public offering (IPO) of Zomato, the country’s leading food delivery company, is set to begin on Wednesday. The IPO is expected to get a good response from the stock market. The IPO subscription will run from June 13 to 16. The share price for this IPO has been fixed at Rs 72 to Rs 76. Zomato aims to raise Rs 9,375 crore through this channel.
Zomato is currently the leading food delivery company in India. The company operates in 23 countries.
It is expected to be the second largest IPO in the stock market so far. Earlier, Rs 10,341 crore was raised through an IPO of SBI Cards and Payment Services. Earlier, IRTC’s IPO was also a hot topic.
Speaking of Zomato’s lot, ordinary investors can buy lots of 195 shares and shares in the same fold. Ordinary investors can buy a maximum of 13 lots. This means that a person can invest a maximum of Rs 1.94 lakh. 65 lakh shares are reserved for Zomato employees.
LIC’s IPO to hit the market soon
The privatization of Life Insurance Corporation (LIC), one of the largest government entities in the country, is now gaining momentum. It is learned that the Union Cabinet has approved the initial public offering (IPO) of LIC. It is understood that the proposal has been approved by the Cabinet Committee on Economic Affairs (CCEA). Therefore, LIC’s IPO may come to market by December. LIC’s IPO is likely to be the largest IPO in the country.
10 per cent of LIC’s IPO will be reserved for policyholders. Even after the IPO enters the market, the central government will have the largest stake in LIC. However, the central government needs to make some amendments in the law before launching this IPO. The central government has set a target of raising Rs 1,75,000 crore this year through privatization of state-owned banks and institutions.
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