Bankers mop up a tidy sum in fees from Zomato IPO

bankers mop up a tidy sum in fees from zomato ipo

Sumary of Bankers mop up a tidy sum in fees from Zomato IPO:

  • According to data from primary market tracker Prime Database, the fees paid by Zomato to the five bankers far exceeded every other ₹5,000-crore-plus IPO.
  • In comparison, investment banks earned ₹97.34 crore from Gland Pharma’s ₹6,479.5 crore IPO in November, ₹90.85 crore from ICICI Prudential Life Insurance’s ₹6,056.79 crore IPO in 2016, and ₹85.25 crore from Blackstone-backed Sona BLW Precision Forging Ltd’s ₹5,550 crore IPO in June.
  • “While the fee may look large, one should keep in mind that this was a first-of-its-kind IPO in the Indian market of a leading tech company.
  • It needed substantial effort from advisors in preparation of the prospectus and working with the regulator to get approval for the deal as well as extensive marketing in overseas markets to get marquee investors, as is clearly visible from the anchor book of the IPO,” a person aware of the fund-raising effort said requesting anonymity.
  • According to financial market tracker Refinitiv, investment banking activities in India generated $437.9 million in the first half of 2021, a 10% drop from the first half of last year, making it the lowest first-half period since 2016 ($263.6 million).

Want to know more click here go to source.

From -

Close
Generic selectors
Exact matches only
Search in title
Search in content

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close