Zomato IPO to launch on July 14. All the details

Mumbai: Zomato Ltd. will launch its three-day initial public offering (IPO) on July 14, making the online food aggregator one of the first Indian startup unicorns to list on the national stock exchanges.

The Economic Times first reported details of Zomato IPO on March 3 this year.

The Gurugram-headquartered company is looking to raise as much as Rs 9,375 crore by issuing fresh stock and an offer for sale at Rs 72-76 apiece. Zomato is likely to be valued at nearly $9 billion at the upper end of this price band.

Zomato IPO Details

• Dates: July 14-16, 2021
• Anchor placement: July 13, 2021
• Issue size: Rs 9,375 crore—Rs 9000 in fresh stock, Rs 375 crore in OFS
• Price band: Rs 72-76/share
• Face value: Rs 1/share
• Bid lot size: 195 shares and multiples thereof

While 75% of the Zomato IPO will be reserved for qualified institutional buyers, non-institutional investors can bid for up to 15% shares on offer. Retail investors have 10% of the stock alloted to them. Employees have access to up to 6.5 million shares.


Also Read: ETtech IPO Watch | How Zomato's cap table has evolved

Kotak Mahindra Bank, Morgan Stanley India and Credit Suisse Securities are global coordinators and book-running lead managers to the offering. BofA Securities and Citigroup Global Markets are book-running lead managers. The shares will list on the BSE and the National Stock Exchange before the end of this month.

Further details on the Zomato IPO will be announced in a video conference later today. Watch this space for updates.