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Zomato IPO subscribed over 38 times on final day Of issue

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Zomato’s ₹ 9,375 initial public offerings (IPO) are subscribed 38.25 times so far on the third and final day of the issue, according to subscription data on the exchanges. The IPO of the leading online food delivery service provider opened for investors on Wednesday, July 14 for a period of three days. Zomato’s shares are in high demand among qualified institutional buyers today, while retail individual investors showed tepid interest.

The portion reserved for retail investors in the IPO was subscribed 7.45 times by 5:00 pm today. The portion set aside for the non-institutional investors (NII) was subscribed 32.96 times, while the portion reserved for qualified institutional buyers (QIB) was subscribed 51.79 times – the highest among the three groups of investors.

The IPO was subscribed almost five times on the second day of its issue yesterday and fully subscribed at 1.05 times at the end of the first day. Retail investors showed overwhelming interest on the first day as the portion reserved for them was oversubscribed within hours of opening.

The company has fixed the primary market offering’s price band at ₹ 72-76 per share. Zomato’s shares are likely to be listed on stock exchanges BSE and NSE on July 27. The public offer consists of a fresh issue of ₹ 9,000 crores and an offer for sale of ₹ 375 crores by promoter – Info Edge India.

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Navi Mumbai Civic Body Meeting Sees Heated Exchange Between Sagar Naik and Shivram Patil

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Discussion over approval of civic proposals leads to a sharp argument during the NMMC General Assembly.

The Meeting

A heated exchange took place between Sagar Naik and Shivram Patil during the Navi Mumbai Municipal Corporation (NMMC) General Assembly while members discussed the civic body’s functioning and the approval of administrative proposals.

According to the report, the issue centred on proposals submitted by NMMC commissioners. Over the past seven months, 1,830 proposals were presented, of which 1,185 were approved. The figures and the process of approving the proposals led to questions from members during the meeting. The discussion became tense as Naik and Patil expressed differing views.

Members also raised broader concerns regarding the functioning of the civic administration and the role of elected representatives in decision-making. The exchange highlighted the differences among members over how civic proposals are discussed and approved in the NMMC General Assembly.

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Navi Mumbai Collects Nirmalya at Six Immersion Sites for Composting

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Initiative turns floral offerings into compost and encourages residents to celebrate Ganeshotsav responsibly.

The Composite

As Ganeshotsav celebrations continue across the city, an eco-friendly initiative is helping ensure that religious offerings do not end up as waste. The Dr Shri Nanasaheb Dharmadhikari Pratishthan is collecting nirmalya at six major Ganesh immersion sites in Navi Mumbai and sending it for composting.

The initiative encourages devotees to place flowers and other religious offerings in specially designated containers instead of throwing them into water bodies. Volunteers at the sites are collecting and separating the waste before sending the floral material for composting.

The collection drive is being carried out at Diwale Jetty, Belapur village lake, Nerul village lake, Chincholi Lake in Shiravane-Juinagar, Koparkhairane Dharan Lake and Airoli Creek Lake. During the immersion of 1.5-day Ganesh idols, around 1,485 kg of nirmalya was collected from these six locations. Airoli recorded the highest collection at 450 kg, followed by Koparkhairane with 320 kg.

The collected flowers will be converted into compost, which can later be used for tree plantation and maintaining greenery in the city. The drive will continue throughout the Ganesh immersion period, giving residents an easy way to dispose of religious offerings responsibly while helping keep Navi Mumbai’s water bodies and surroundings cleaner.

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NMMC Uses Ganeshotsav Aarti Booklet to Spread Cleanliness Message

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Unique booklet combines popular Ganeshotsav Aartis with messages on waste segregation and environmental protection.

The Message

With Ganeshotsav bringing families and communities together, the Navi Mumbai Municipal Corporation (NMMC) has come up with a unique way to promote cleanliness and environmental awareness. The civic body has introduced a special Aarti booklet that combines devotional Aartis with simple messages on keeping Navi Mumbai clean and eco-friendly.

The foldable booklet includes popular Aartis dedicated to Lord Ganesha, Lord Shiva, Goddess Durga, Lord Vitthal and other saints and deities. Alongside the prayers, it carries useful information encouraging citizens to adopt responsible waste management practices. The booklet urges residents to separate wet, dry, domestic hazardous and sanitary waste. It also encourages people to choose clay Ganesha idols instead of Plaster of Paris idols, avoid plastic bags and use cloth bags, and properly manage nirmalya by converting it into compost.

Designed to be compact and easy to carry, the booklet has been distributed across Navi Mumbai, including through school students. The initiative has also been promoted through social media. Through the initiative, NMMC aims to connect religious celebrations with everyday civic responsibility and encourage residents to celebrate Ganeshotsav while keeping the city clean and protecting the environment.

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