News > Zomato IPO delivered record fees for bankers

Zomato IPO delivered record fees for bankers

25/07/2021 03:33 PM | Click to read full article

Investment bankers handling Zomato Ltd’s ₹9,375 crore initial public offering(IPO) earned ₹229 crore in fees, the food delivery unicorn’s final offer documents showed, making it one of the biggest payouts for any Indian IPO.

Zomato was advised by Kotak Mahindra Capital, Morgan Stanley, Credit Suisse, Bank of America and Citi. 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.

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