Zomato IPO: Meals supply platform Zomato’s preliminary public provide (IPO) will open for retail subscription on July 14.
The Zomato IPO market lot dimension is 195 shares. The corporate has set the provide value for its IPO at Rs 72-76 per fairness share. A retail-individual investor can apply for as much as 13 heaps (2535 shares or Rs 1,92,660).
The general public subject will shut on July 16.
Zomato mentioned that the premise of allotment of IPO can be accomplished on July 22 and refunds can be initiated on July 24.
The shares of Zomato can be credited to demant accounts on July 26. The itemizing of Zomato shares will happen on July 27.
Within the gray market, the unlisted shares of Zomato are quoting at a premium of Rs 15-20 apiece.
The corporate had earlier obtained markets regulator Sebi’s go-ahead to lift Rs 8,250 crore by an preliminary share-sale. The IPO contains recent subject of fairness shares value Rs 7,500 crore and an offer-for-sale to the tune of Rs 750 crore by Data Edge (India) Ltd.
Zomato had filed preliminary IPO papers with Sebi in April. It obtained its remark on July 2.
Going by the draft papers, proceeds from the recent subject can be used in the direction of funding natural and inorganic progress initiatives; and basic company functions.
The web meals supply phase has seen vital progress in the previous couple of years with Zomato and Swiggy competing head-on to seize market share.
Zomato’s 2019-20 income had jumped over two-fold to USD 394 million (round Rs 2,960 crore) from the earlier fiscal 12 months, whereas its Earnings Earlier than Curiosity, Taxes, Depreciation, and Amortization (EBITDA) loss was round Rs 2,200 crore.
In February, Zomato had raised USD 250 million (over Rs 1,800 crore) in funding from Tiger World, Kora and others, valuing the net meals ordering platform at USD 5.four billion.
Kotak Mahindra Capital Firm, Morgan Stanley India Firm Pvt Ltd and Credit score Suisse Securities (India) Pvt Ltd are the worldwide coordinators and e book operating lead managers to the difficulty. BofA Securities India Ltd and Citigroup World Markets India Pvt Ltd have been appointed as service provider bankers to the general public subject. The shares the corporate can be listed on BSE and NSE.