Zomato IPO oversubscribed on Day-1

Food delivery platform Zomato's initial public offering was oversubscribed on the opening day on Wednesday with retail investors bidding for 2.7 times the number of shares reserved for them. The......

Zomato eyes grocery rollout, invests $100 mn in Grofers

Food ordering platform Zomato, whose Rs 9,375 crore IPO opens on July 14, is planning to launch a grocery section on its app soon, a senior company official said. The company recently invested USD......

IPO market set to boom, 4 cos to raise Rs 4,000 crores

While the recent volatility in the secondary markets is a concern, experts believe the sentiment towards IPOs is still buoyant. IMAGE: Kindly note that this image has been posted for......

Over 70% IPOs delivered gains on listing day in FY21

The listing day gain-to-loss ratio for FY21 was 71 per cent, the highest since FY17, when it was 85 per cent.Sundar Sethuraman and Samie Modak report. Illustration: Uttam Ghosh/Rediff.com  ......