Zomato’s QIP at Rs 265.91 per share

Zomato's QIP pricing; qcomm’s bulk orders
Happy Tuesday! Zomato opened its much-talked about qualified institutional placement which expects to rack up Rs 8,500 crore as the quick commerce battle intensifies. This and more in today's ETtech Morning Dispatch.
Zomato shares extend gain as ₹8,500 cr QIP opens for subscription
The foodtech company has fixed the floor price for the QIP at ₹265.91 per share, a discount of 2.8% from Monday’s closing price.
Zomato Share Price Highlights: Zomato shares end 4% higher following BSE Sensex inclusion and QIP approval
Catch live action of Zomato stock here. Zomato will become a part of the benchmark BSE Sensex, replacing JSW Steel from December 23. Zomato’s board on November 23, 2024, approved proposal to raise capital by way of QIP.
Zomato Opens INR 8,500 Cr QIP, Sets Floor Price At INR 265.91
Zomato has opened its INR 8,500 Cr QIP and set a floor price of INR 265.91 per equity share, a discount of 2.8% from its closing price today
Zomato set floor price of Rs 265.91 per share for QIP issue
Zomato aims to raise Rs 8,500 crore through the QIP issue. The fundraise comes at as its key rival Swiggy has now become a publicly listed company.
Zomato opens ₹8,500 QIP offering, sets floor price at ₹265.91 per share
Shares of Zomato ended at ₹272.90 on the BSE, up 3.3% on Monday on the back of two triggers — the company's inclusion in the 30-stock BSE Sensex and an approval for its ₹8,500 crore Qualified Institutional Placement (QIP).
Zomato’s QIP at Rs 265.91 per share; shares in focus on fundraising plans
Zomato shares are likely to draw attention as the company kicks off its first qualified institutional placement (QIP) since its IPO in July 2021. The floor price is set at Rs 265.91 per share. Proceeds will primarily support the expansion of its quick commerce arm Blinkit,
Zomato shares in focus as QIP launches with floor price set at Rs 265.91 per share
Zomato launches a QIP to raise funds. The company aims to expand Blinkit's footprint. Zomato plans to increase dark stores. It will also invest in advertising and marketing. Rivals Swiggy and Zepto have also raised capital.
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