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Zomato’s Rs 9,375 crore public offering comprises fresh issuance of equity shares worth Rs 9,000 crore and an offer for sale (OFS) of Rs 375 crore by its largest shareholder Info Edge India Limited.
Some banks managing the IPO sale are Kotak Mahindra Capital, Morgan Stanley India, Credit Suisse Securities, BofA Securities and Citigroup Global. The online food delivery giant plans to utilise the funds raised from the IPO for funding organic and inorganic growth initiatives and other general corporate purposes.
Around 65 lakh equity shares have been reserved for employees of the company. The IPO will open for subscription from July 14 to July 16.
In this Article, We cover Zomato Limited IPO Date, Review, Analysis, Price Band, Listing, Market Lot, Issue Size, Subscription Status & GMP Details.
Zomato Limited IPO Details
|Name of Article||Zomato Limited IPO|
|IPO Date||Jul 14, 2021, to Jul 16, 2021|
|Issue Type||Book Built Issue IPO|
|Issue Size||Approx ₹9375 Crores|
|Fresh Issue||Approx ₹9000 Crores|
|Offer for Sale||Approx ₹375 Crores|
|Face Value||₹1 per equity share|
|IPO Price||₹72 to ₹76 per equity share|
|Market Lot||195 Shares|
|Min Order Quantity||195 Shares|
Zomato IPO Timetable
|IPO Opening Date||Jul 14, 2021|
|IPO Closing Date||Jul 16, 2021|
|Finalization Date of Basis of Allotment||Jul 22, 2021|
|Initiation of Refunds||Jul 23, 2021|
|The credit of Shares to Demat Acct||Jul 26, 2021|
|IPO Shares Listing Date||Jul 27, 2021|
How To Apply Zomato IPO Form?
You can apply in Zomato IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.
Check here read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank. The other option you can apply Zomato IPO via IPO forms download via NSE and BSE. Check out the Zomato forms – click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.
How to apply for IPO online and the IPO application process. Here is what you need to know when you apply for an IPO of a company.
How to invest in COMPNAMEENG using Zerodha app
- Login to Zerodha Kite console.
- Go to IPO section in Portfolio
- Choose the IPO you want to apply for from the list.
- Enter the UPI ID, bid details like price and quantity.
- Now hit submit.
How to invest in COMPNAMEENG using ICICI Direct app
- Login to ICICIdirect.com.
- Go to the IPO section in Trade & Invest.
- Fill the bid details like price and quantity.
- And hit submit once confirm the details.
How to invest in COMPNAMEENG using Angel Broking app
- Log in to Angel Broking apps
- Hit on ‘More’ on the top menu.
- Click on ‘IPO’ from the dropdown.
- Select the COMPNAMEENG and click the ‘Apply’ button.
- Enter UPI ID, investor type, order quantity and price.
- Click ‘Apply’ to place the IPO order
Zomato IPO Date & Price Band
The Zomato IPO open date is Jul 14, 2021, and the close date is Jul 16, 2021. The issue may list on Jul 27, 2021. The price band of the IPO has been fixed at Rs 72-76 per equity share by Zomato after consultation with merchant bankers. Investors can subscribe to a minimum of 195 equity shares and in multiples thereafter.
|IPO Open||14 July 2021|
|IPO Close||16 July 2021|
|IPO Size||Approx ₹9375 Crores|
|Fresh Issue||Approx ₹9000 Crores|
|Offer for Sale||Approx ₹375 Crores|
|Face Value||₹1 Per Equity Share|
|Price Band||₹72 to ₹76 Per Share|
|Listing on||BSE & NSE|
Zomato IPO Lot Size
Given the minimum lot size, the minimum bid for the IPO at the higher price band of Rs 76 per share will be Rs 14,820. It may be noted that up to 75 per cent of the total public offering has been reserved for qualified institutional buyers, up to 10 per cent for retail investors and the rest 15 per cent for non-institutional investors.
|Minimum Lot Size:||Minimum 195 Shares|
|Maximum Lot Size:||Maximum 2535 Shares|
Zomato IPO Allotment & Listing
The Zomato IPO date is 14 July 2021 and the close date is 16 July 2021. The allotment will be finalized on 22 July 2021 and the IPO may list on 27 July 2021.
|Basis of Allotment:||22 July 2021|
|Refunds:||23 July 2021|
|Credit to Demat Account:||26 July 2021|
|Listing Date:||27 July 2021|
Zomato Limited was incorporated as “DC Foodiebay Online Services Private Limited” in 2010. The company’s technology platform connects customers, restaurant partners, and delivery partners, serving their multiple needs.
The app-based food delivery major, in which listed technology company Info Edge holds a substantial stake, aims to raise about Rs 9,375 crore. Of the total issue size, shares worth about Rs 375 crore are in an offer for sale by the tech entity.
- Among the leading Food Service Delivery platforms.
- Recognized consumer brand equity across India.
- Widespread and efficient on-demand hyperlocal delivery network.
- A strong network of 131,233 restaurants and 161,637 delivery partners.
Zomato Company Financial Report
|Particulars||For the year/period ended (₹ in million)|
|Profit After Tax||(8,164.28)||(23,856.01)||(10,105.14)|
The food delivery company’s consolidated loss at Rs 2,385.6 crore in financial year ended March 2020 widened from loss of Rs 1,010.2 crore in previous year. But revenue nearly doubled to Rs 2,604.7 crore from Rs 1,312.58 crore in the same period.
Consolidated loss for the nine-month period ended December 31, 2020 stood at Rs 682.2 crore on revenue of Rs 1,301.35 crore.
Zomato is a professionally managed company with no identifiable promoters under the SEBI ICDR Regulations and Companies Act.
Zomato IPO Registrar
- Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
- Phone: +91-22-4918 6270
- Email: [email protected]
- Investor Grievance e-mail: [email protected]
- Website: http://www.linkintime.co.in
- SEBI Registration No.:INR00000405
Zomato IPO Lead Manager(s)
- BoA Merrill Lynch
- Citigroup Global Markets India Private Limited
- Credit Suisse Securities (India) Private Limited
- Kotak Mahindra Capital Company Limited
- Morgan Stanley India Company Pvt Ltd
Company Contact Information
- Zomato Limited
Ground Floor, 12A, 94 Meghdoot, Nehru Place
New Delhi, 110 019
- Phone: +91 011 4059 2373
Email: [email protected]
FAQ of Zomato IPO:
Food delivery platform Zomato is about to release its issue on July 14. The issue of the company will close on July 19.
Link Intime India Private Ltd is the registrar for the IPO.
The IPO opens on Jul 14, 2021, and closes on Jul 16, 2021.
The investors’ portion for QIB 75%, NII 15%, and Retail 10%.
The issue comprises of fresh issuance of shares, aggregating up to Rs 9,000 crore, and an offer for sale of up to Rs 375 crore by existing shareholders.
The price band for Zomato IPO has been fixed at Rs 72-76.
Zomato IPO Price Band is ₹72 to ₹76.
Zomato IPO will open for subscription on Wednesday, July 14, and will close on Friday, July 16.
The minimum bid is 195 Shares with ₹14,820 amount while maximum bid is 2535 shares with ₹192,660.
Yes. A total of 65 lakh equity shares will be offered to eligible employees.
Those who would bid for the issue can check the subscription status on the online portal of Link Intime India Private, the registrar to the IPO.
The finalisation of the basis of allotment is likely by July 22 and initialisation of refunds is likely by July 23. Meanwhile, credit of shares to demat accounts is likely by July 26.
Zomato listing is likely by July 27.