Zomato Limited IPO (Zomato IPO): All you need to know
Zomato Limited, one of the leading online Food Service platforms, will hit the market on Wednesday, July 14, 2021, to raise Rs 9375 crores through an Initial Public Offering (IPO) of its units. The company has set the IPO date as well as the price range at which the shares will be offered for sale. Let’s take a peek at the particulars of the Zomato IPO.
Zomato IPO Date & Price Band
| IPO Open: | 14 July 2021 |
| IPO Close: | 16 June 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 |
| Price Band: | ₹72 – ₹76 Per Equity Share |
| Listing on: | BSE, NSE |
Zomato IPO Market Lot
| Minimum Lot Size: | Minimum 195 Shares |
| Minimum Amount: | ₹14,820 |
| Minimum Lot Size: | Maximum 2535 Shares |
| Minimum Amount: | ₹1,92,660 |
Zomato IPO Allotment & Listing
| Basis of Allotment: | 22 July 2021 |
| Refunds: | 23 July 2021 |
| Credit to Demat Account: | 26 July 2021 |
| Listing Date: | 27 July 2021 |
Financials of Zomato Limited IPO
| Particulars | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
| Total Assets (in ₹ millions) | 87,035.43 | 29,003.82 | 34,134.05 |
| Total Revenue (in ₹ millions) | 21,184.24 | 27,427.39 | 13,977.17 |
| Profit After Tax (in ₹ millions) | – 8,164.28 | – 23,856.01 | – 10,105.14 |
About Zomato Limited
As of December 31, 2020, Zomato Limited, which was founded in 2010, is one of the biggest online food service platforms in terms of the value of food sold. Customers can search and discover restaurants, order food delivery, book a table, and make payments for dining out at restaurants through its B2C offerings, while it generates revenue from Hyper pure (supply of high-quality ingredients and kitchen products to restaurants) and Zomato Pro, a customer loyalty programme, through its B2B offerings.
Zomato has a significant presence in 23 countries as of December 31, 2020, with 131,233 active food delivery restaurants, 161,637 active delivery partners, and an average monthly food order of 10.7 million clients.
Objective of the Issue:
The company plans to use the funds from the IPO for the following purposes:
- Financing of initiatives for organic and inorganic growth.
- To fulfil general corporate objectives.