The much-awaited IPO of online food delivery and restaurant discovery platform Zomato is knocking the doors for delivery of its initial public offering (IPO) on Dalal Street as it is set to open for subscription on July 14. It has set the offer price for its public offering at ₹72-76 a share.
The offer size will likely be as much as ₹9,375 crore, making it the second-biggest IPO since SBI Cards and Payment Services’ ₹10,340 crore offer last year in March. The issue, which closes on 16 July, comprises an offer for sale of ₹375 crore by the company’s early investor—Info Edge—and a fresh issue worth ₹9,000 crore. The stock is likely to list on the exchanges on 27 July.
- Issue period: 14 July 2021 – 16 July 2021
- IPO Size: ₹93.75 bn
- Price band: ₹72 to 76 per share
- Bid lot: Minimum lot of 195 shares, and in multiples of 195 thereafter
