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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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Fruit Prices Rise at Navi Mumbai APMC as Supply Falls

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Shravan demand and monsoon-related disruptions push up prices of several fruits ahead of the festive season.

The Prices

Fruit lovers in Navi Mumbai may have to spend a little more this festive season as several fruit prices have increased at the APMC market due to a drop in arrivals and steady demand during Shravan.

Traders said the monsoon has affected fruit production and transportation in several parts of the state. Heavy rainfall can damage crops, cause fruits to fall from trees and increase the risk of pests and diseases. Difficulties in harvesting and transporting produce have further reduced supplies reaching the market.

The impact is visible in the prices of several fruits. Orange arrivals reportedly fell sharply from 190 quintals on August 18 to just 22 quintals on August 27, while the average price increased from Rs 75 to Rs 90 per kg.

Guava saw an even bigger drop in arrivals, falling from 1,925 quintals to just four quintals. Its average price increased from Rs 55 to Rs 65 per kg. Mosambi prices also rose from Rs 45 to Rs 55 per kg. However, the trend has not been the same for every fruit. Pomegranate arrivals declined from 1,589 to 795 quintals, but its average price fell slightly from Rs 135 to Rs 130 per kg. Pineapple prices remained around Rs 55 per kg despite lower arrivals.

With Ganeshotsav and Navratri approaching, traders expect demand for fruits to increase further. If supplies remain affected by the monsoon, consumers could see higher prices in the coming weeks.

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19-Year-Old Youth Murdered at Vashi Mini Seashore

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Sharp-weapon attack in the early hours leaves local residents shocked, police teams launch hunt for unidentified attacker.

The Murder

A 19-year-old youth was allegedly murdered at Vashi’s Mini Seashore in the early hours of Saturday, leaving residents and visitors shocked.

The deceased, identified as Sujalkumar Mahato, was a resident of Koparkhairane and worked at a Chinese restaurant. According to the police, the incident took place at around 4 a.m., when an unidentified person allegedly attacked Mahato with a sharp weapon.

Mahato suffered multiple serious injuries to his head and died at the spot. The attacker fled from the area before the police arrived. After receiving information about the incident, police teams, Crime Branch officials and forensic experts reached the Mini Seashore and began collecting evidence from the scene.

Investigators are now examining CCTV footage from the area and questioning people who knew the victim in an attempt to identify the accused. Several police teams have reportedly been formed to trace the attacker.

The motive behind the killing remains unclear. Police are investigating different possibilities, including a personal dispute or other reasons that may have led to the attack. The use of a sharp weapon has also raised questions about a possible connection with the so-called “koyta gang”. However, police have not confirmed any involvement of an organised gang at this stage.

The incident has once again raised concerns about safety in public spaces during the early hours. Police officials said the investigation is underway and the exact motive will be established as more evidence comes to light.

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Seawoods Station Under Scanner Over Cleanliness, Basic Facilities

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Commuters raise concerns over poor maintenance, cleanliness and missing facilities at one of Navi Mumbai’s busiest railway stations.

The Station

Seawoods railway station, once seen as a modern and well-developed transport hub, is now facing criticism from commuters and residents over its poor maintenance and lack of basic passenger facilities.

According to local residents, issues such as garbage, stagnant water, muddy patches, paan stains, graffiti and water leakage have become common at the station. Despite repeated complaints over the past one-and-a-half years, commuters say several problems remain unresolved.

The Seawoods Citizen Welfare Association has urged the authorities to take immediate action and conduct a detailed inspection of the station. The association has highlighted concerns related to cleanliness, toilets, footpaths, water leakage, ticket facilities and accessibility for senior citizens and persons with disabilities. Residents have also demanded a properly illuminated station name board on the eastern side, a ticket counter near the eastern entrance and electronic train information boards to make commuting easier.

The station involves multiple agencies, including Central Railway, CIDCO, L&T and NMMC, which has reportedly made it difficult to determine responsibility for certain maintenance issues. A joint inspection has already been carried out, with officials assuring residents that further inspections and corrective measures will follow.

For daily commuters, however, the expectation is simple a railway station should be clean, safe and convenient. They now want action on the ground rather than more assurances.

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