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ZOMATO - IPO Key things to know before you invest




Zomato is preparing to do an initial public offering (IPO) valued Rs 9,375 crore.

Since SBI Cards and Payment Services' Rs 10,341 crore IPO in March 2020, this would be the largest IPO.



According to the stock exchange filing, Zomato raised approximately Rs 4,196 crore (Rs 41,96,51,86,380) from 186 anchor investors in exchange for 55,21,73,505 equity shares at Rs 76 apiece.



The Zomato initial public offering comprises of a Rs 9,000 crore fresh issuance of equity shares and a Rs 375 crore offer for sale (OFS) by existing selling shareholder Info Edge.

The price band for Zomato's IPO has been set at Rs 72-76 per equity share. The IPO will begin accepting subscriptions on July 14 and close on July 16. Investors can bid for as few as 195 equity shares and as many as 195 equity shares after that. Retail investors can apply for shares worth a minimum of Rs 14,820. An investor can book a maximum of Rs 1,92,660 shares at a higher price band of Rs 76 per equity share.

The retail investor's quota The IPO price for Zomato is set at 10% of the net offer. At least 75% of the quota has been set aside for Qualified Institutional Buyers, while 15% has been set out for NIIs. By July 27, the popular food aggregator is expected to be listed on the stock exchanges. The basis of allotment is expected to be finalised by July 22. By July 23, the reimbursement will be processed.



The Global Coordinators and BLRMs are Kotak Mahindra Capital Company, Morgan Stanley India Company, and Credit Suisse Securities (India). The issue will be managed by BofA Securities and Citigroup Global Markets India. The issue's registrar is Link Intime India. In the fiscal year that ended in March 2021, Zomato reported a consolidated loss of Rs 816.43 crore. During the same period, revenue from operations fell to Rs 1,993.78 crore. Last year, the Covid-19 outbreak had a significant impact on the business.

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