Zomato IPO: When will it launch, designate band, part position and different key questions answered


Zomato IPO: The Gurugram-primarily primarily based entirely company will doubtless be among the many predominant from a long checklist of Indian unicorn startups to beginning an IPO. This could additionally be the foremost among Indian on-line meals aggregators.

July 12, 2021 / 10: 46 AM IST

Zomato IPO: Key questions answered

Zomato IPO: Key questions answered

Food transport huge Zomato's Rs 9,375-crore preliminary public offering (IPO) will launch on July 14. That is being touted as the 2d-greatest IPO since SBI Playing cards and Cost Companies and products’ Rs 10,341-crore mission in March 2020, dazzling ahead of the COVID-19 pandemic struck.

The Gurugram-primarily primarily based entirely company will doubtless be among the many predominant from a long checklist of Indian unicorn startups to beginning an IPO. This could additionally be the foremost among Indian on-line meals aggregators. The public provide is predicted to raise Zomato's valuation to $9 billion.

Read | Zomato IPO to launch this week: 10 key things to know referring to the mission and the corporate

When will the Zomato IPO launch for subscriptions?

The IPO will launch for subscription on July 14 (Wednesday).

When is the Zomato IPO closing?

The preliminary public offering will conclude for subscriptions on July 16 (Friday).

What are the objectives of the mission?

The restaurant aggregator has stated this can utilise the receive proceeds from the contemporary mission for funding organic and inorganic development initiatives (Rs 6,750 crore), and customary corporate functions.

What's the mission measurement?

The mission contains contemporary issuance of shares, aggregating as a lot as Rs 9,000 crore. Additionally, there’s an provide within the marketplace of as a lot as Rs 375 crore by fresh shareholders.

What's the IPO’s designate band?

The designate band for this IPO is mounted at Rs 72-76.

What's the lot measurement?

Investors can subscribe to this IPO by making a bet for deal of 195 shares or its multiples. Retail investors will doubtless be in a location to notify for a maximum of 13 loads at the upper pause of the designate band.

What's the scale of quota reserved for retail investors?

The quota for retail investors has been mounted at 10 percent of the receive provide. Licensed institutional buyer (QIB) quota is mounted at 75 percent and that of non-institutional investors (NIIs) has been mounted at 15 percent.

What referring to the employee quota?

As many as 65 lakh equity shares will doubtless be equipped to workers who are eligible.

When will the part be finalised?

It's anticipated that the premise of part will doubtless be finalised by July 22. Refunds are inclined to be initialised by July 23. Credit of shares to demat accounts is doubtless to happen by July 26.

When will Zomato win listed?

The meals transport huge is doubtless to checklist by July 27.

What's the grey market indicating?

There looks to be a solid ask from investors as shares fill been on hand at a top payment of 26 percent within the grey market ahead of the IPO opening.Zomato shares traded at a top payment of Rs 16-20, i.e. a 21-26 percent over upper pause of the IPO designate band of Rs 76, data on hand on the IPO Gaze and IPO Central showed. Thus, the traded designate became at Rs 92-96 per part within the grey market.

Who're the lead e book running managers to this IPO?

Kotak Mahindra Capital Company, Morgan Stanley India Company and Credit Suisse Securities (India) are the global co-ordinators and e book running lead managers to the mission. BofA Securities India and Citigroup World Markets India are the e book running lead managers to the provide.

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