Mumbai: Food-delivery and restaurant discovery company Zomato is expected to advance its listing date from July 27 to July 26 or as early as July 23, two people familiar with the matter told ET, in what is among the largest public issues in India.
The company has fixed the allotment price at the upper end of the price band at Rs 76 per share. The IPO raised Rs 9,375 crore last week amid a frenzied response from institutional and retail investors.
"The listing may be as early as Friday...however, there are multiple processes which are yet to be closed," said a person in the know. Zomato's earlier date for listing was July 27.
Last week, the company's initial public offering (IPO) was subscribed 40.38 times, generating a demand of Rs 2.13 lakh crore, the most in 11 years and the third-highest in the Indian capital market history, ET reported. The IPO, which opened on July 14 and closed on July 16, has set a record for anchor investors and drew the second-highest ever applications emerging as one of the most anticipated public offerings.
It is also the first new-age internet startup to tap the Indian public markets, setting the tone for a clutch of other companies to follow, including Paytm, Policybazaar, Nykaa, among others.
The company has fixed the allotment price at the upper end of the price band at Rs 76 per share. The IPO raised Rs 9,375 crore last week amid a frenzied response from institutional and retail investors.
"The listing may be as early as Friday...however, there are multiple processes which are yet to be closed," said a person in the know. Zomato's earlier date for listing was July 27.
Last week, the company's initial public offering (IPO) was subscribed 40.38 times, generating a demand of Rs 2.13 lakh crore, the most in 11 years and the third-highest in the Indian capital market history, ET reported. The IPO, which opened on July 14 and closed on July 16, has set a record for anchor investors and drew the second-highest ever applications emerging as one of the most anticipated public offerings.
It is also the first new-age internet startup to tap the Indian public markets, setting the tone for a clutch of other companies to follow, including Paytm, Policybazaar, Nykaa, among others.