ETtechRelated
New Delhi: The much-awaited initial public offering of Zomato will hit the primary market on July 14. The price band for the issue has been fixed at Rs 72-76 per share with a face value of Re 1 each.
Zomato will raise Rs 9,000 crore through the issue of fresh equity shares, while investor will sell some stake worth Rs 375 crore. It earlier had plans to offload stake worth Rs 750 crore.
Investors can make a bid for a minimum of 195 equity shares and in multiples of 195 shares thereafter. The issue closes on July 16 for subscription.
The Rs 9,375-crore public issue will open for subscription on July 14 and close on July 16. Retail investors will have 935 crore shares or 10 per cent of the issue size ear-marked for themselves.
Of the net issue, 75 per cent is reserved for qualified institutional buyers (QIBs), whereas remaining 15 per cent stake will be alloted to non-institutional investors (NIIs).
The loss-making company has stated that it intends to use proceeds from the public issue to fund organic and inorganic growth opportunities. The company said that it is a professionally managed firm and does not have an identifiable promoter.
Zomato’s IPO will be among the first from the list of unicorn start-ups in India and the first of an online food aggregator. The IPO is likely to value the online food aggregator at close to $9 billion.
Kotak Mahindra Capital Company, Morgan Stanley India Company, Credit Suisse Securities (India) the Global Coordinators and BLRMs. BofA Securities and Citigroup Global Markets India will manage the issue. Link Intime India is the registrar of the issue.
Zomato will raise Rs 9,000 crore through the issue of fresh equity shares, while investor will sell some stake worth Rs 375 crore. It earlier had plans to offload stake worth Rs 750 crore.
Investors can make a bid for a minimum of 195 equity shares and in multiples of 195 shares thereafter. The issue closes on July 16 for subscription.
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View Latest Stock Report »The Rs 9,375-crore public issue will open for subscription on July 14 and close on July 16. Retail investors will have 935 crore shares or 10 per cent of the issue size ear-marked for themselves.
Of the net issue, 75 per cent is reserved for qualified institutional buyers (QIBs), whereas remaining 15 per cent stake will be alloted to non-institutional investors (NIIs).
The loss-making company has stated that it intends to use proceeds from the public issue to fund organic and inorganic growth opportunities. The company said that it is a professionally managed firm and does not have an identifiable promoter.
Zomato’s IPO will be among the first from the list of unicorn start-ups in India and the first of an online food aggregator. The IPO is likely to value the online food aggregator at close to $9 billion.
Kotak Mahindra Capital Company, Morgan Stanley India Company, Credit Suisse Securities (India) the Global Coordinators and BLRMs. BofA Securities and Citigroup Global Markets India will manage the issue. Link Intime India is the registrar of the issue.
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