Zomato’s ipo will be available at Rs 70 to Rs 76

New Delhi: The much-awaited initial public offering of Zomato will hit the primary market on July 14. The price band for the issue has been fixed at Rs 72-76 per share with a face value of Re 1 each. Zomato will raise Rs 9,000 crore through the issue of fresh equity shares, while investor Info Edge India NSE 0.98 % will sell some stake worth Rs 375 crore. It earlier had plans to offload stake worth Rs 750 crore. The Rs 9,375-crore public issue will open for subscription on July 14 and close on July 16. Retail investors will have 935 crore shares or 10 per cent of the issue size ear-marked for themselves.

Of the net issue, 75 per cent is reserved for qualified institutional buyers (QIBs), whereas remaining 15 per cent stake will be allotted to non-institutional investors (NIIs).

Key Numbers from Zomato’s RHP

Delivery partners: 1,69,802.

Active restaurant listing: 3,89,932.

Active food delivery restaurants: 1,48,384.

Present in 525 cities in India and 23 countries outside India.

1.5 million Zomato Pro members and5,443 Pro restaurant subscribers.

The pandemic, however, did impact Zomato’s business as the nation remained locked down in the first couple of months. Zomato’s IPO will be among the first from the list of unicorn start-ups in India and the first of an online food aggregator. The IPO is likely to value the online food aggregator at close to $9 billion.Kotak Mahindra Capital Company, Morgan Stanley India Company, Credit Suisse Securities (India) the Global Coordinators and BLRMs. BofA Securities and Citigroup Global Markets India will manage the issue. Link Intime India is the registrar of the issue.

Latest articles

Debt Recovery Ecosystem in India, Impact of Phygital Debt Collection, and the Way Forward: Mobicule Technologies’ Siddharth Agarwal

In the past few years, India has observed a massive transformation across industries owing to digitisation, new communication channels, and stringent regulatory...

HMD Global Launches Nokia C32: Fashionable Design, Powerful Imaging, and Android 13!

HMD Global, the leading manufacturer of Nokia phones, has announced the launch of the Nokia C32, the latest addition to the popular...

Indian govt likely to reopen semiconductor application worth $10 billion to attract global chip companies

A day after India's IT Minister Ashwini Vaishnaw interacted with the leadership team of  Semiconductor Equipment and Materials International (SEMI), which is the...

Gautam Adani Climbs to Top 20 on Billionaires List with a Net Worth of $64.2 Billion

Indian business tycoon Gautam Adani, chairman of the Adani Group, has achieved a significant milestone by reentering the top 20 on the...

Related articles

Leave a reply

Please enter your comment!
Please enter your name here