The much-awaited Initial Public Offering food delivery giant Zomato is all set to open for subscription from July 14 to July 16.
The Gurugram based online food delivery service which is creating a buzz in the market is confident to raise Rs 9,375 crore share by offering a price band for sale at Rs 72-76 per share.
Food delivery giant Zomatoâ€™s IPO size is Rs 9375 cr and public offer comprises fresh issuance of equity shares of Rs 9,000 crore, making it the second-biggest IPO since SBI Cards and Payment Services’ Rs 10,340 crore offer last year in March. It is an offer for sale of Rs 375 cr.
Issue period: 14 July 2021 â€“ 16 July 2021
The IPO size is Rs 93.75 billion, the price band is Rs 72 to Rs 76 per share. Buyers can bid a minimum lot of 195 shares, and in multiples of 195 thereafter. The Quota size for the retail category, the quota is fixed at 10% of the net offer while for qualified institutional buyers (QIB) at 75% and non-institutional investors (NII) quota at 15%.
Kotak Mahindra Capital, Morgan Stanley India, and Credit Suisse Securities (India) are the global coordinators and book running lead managers (BRLMs).
Bank of America (BofA) Securities and Citigroup Global Markets India will manage the issue whereas Link Intime India is the registrar of the issue.
Zomato, reported revenue of Rs 2,486 crore in FY20. While the revenue fell to Rs 1,994 crore in March 31, 2021.