The most expected online food delivery platform’s IPO to open on Wednesday, July 14, 2021. The IPO will be open for subscription till Friday, July 16, 2021. Zomato plans to raise Rs.9,375 crore through the offer with the price band of the IPO fixed at Rs.72 – 76 per share.
Company Profile
Founded in 2010, this company tech podium links consumers, with restaurant partners and delivery partners, serving desired food and products. Customers utilize Zomato platform to hunt restaurants, comprehend and write food reviews, view and upload photos, order food, reserving tables. Zomato also provides eatery partners with up to date marketing tools which facilitate them to get in touch with and get hold of customers to nurture their business while also offering a dependable and efficient delivery service system. Zomato functions as one-stop procurement solution & provides their delivery associates with transparent and flexible earning opportunities. It generates income from Hyperpure (supply of high-quality raw materials and kitchen products to restaurants) and Zomato Pro, Their customer loyalty program.
As of Dec 31, 2020, Zomato has been recognized as the best delivery services in 20 + countries with 130,000 + active food delivery restaurants, 160,000 + active delivery cohorts, and an average monthly food order of over 10.7 million customers.
Strengths
- Leading Food Delivery platform
- Recognized and High brand Value
- Extensive and well-organized on-demand delivery network.
Promoters
Zomato is a professionally managed private company with no particular promoters under the SEBI ICDR Regulations and Companies Act.
Company Financials:
Outline of financial Information (Restated Consolidated)
| Particulars | For the year/period ended (₹ in million) | ||
|---|---|---|---|
| Date | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
| Total Assets | 87,035.43 | 29,003.82 | 34,134.05 |
| Total Revenue | 21,184.24 | 27,427.39 | 13,977.17 |
| Profit After Tax | (8,164.28) | (23,856.01) | (10,105.14) |
Reason for Initial Public offering (IPO)?
The net amount received from the IPO will be used for the following objectives
- Funding organic and inorganic development initiatives.
- Meet general corporate purposes.
Zomato IPO Details
| IPO Open Date | Jul 14, 2021 |
| IPO Close Date | Jul 16, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 per equity share |
| IPO Price band | ₹72 to ₹76 per equity share |
| Market Lot | 195 Shares |
Zomato IPO Tentative Timetable
The Zomato IPO start date is Jul 14, 2021, and the close date is Jul 16, 2021.
| IPO Open Date | Jul 14, 2021 |
| IPO Close Date | Jul 16, 2021 |
| Basis of Allotment Date | Jul 22, 2021 |
| Initiation of Refunds | Jul 23, 2021 |
| Credit of Shares to Demat Account | Jul 26, 2021 |
| IPO Listing Date | Jul 27, 2021 |
Zomato IPO Lot Size
The Zomato IPO market lot size is 195 shares. A retail-individual investor can choose to apply for up to 13 lots (2535 shares or ₹192,660).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 195 | ₹14,820 |
| Maximum | 13 | 2535 | ₹192,660 |
Zomato IPO Lot Size
1. What is Zomato IPO?
Zomato IPO is a main-board IPO of [.] equity shares of the face value of ₹1 aggregating up to ₹9,375.00 Crores. The issue is priced at ₹72 to ₹76 per equity share. The minimum order quantity is 195 Shares. The IPO opens on Jul 14, 2021, and closes on Jul 16, 2021.
2. How to apply for Zomato IPO?
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. Read more detail about apply IPO online through ICICI Bank, HDFC Bank and SBI Bank.
Zomato IPO
| IPO Price band | ₹72 to ₹76 per equity share |
| IPO Open Date | Jul 14, 2021 |
| IPO Close Date | Jul 16, 2021 |
| IPO Listing Date | Jul 27, 2021 |
