Zomato Ltd. is an Indian Multinational Restaurant aggregator and one of the leading online food delivery companies founded in 2008 by Deepinder Goyal and Pankaj Chaddah as Foodiebay later renamed Zomato in 2010. Headquarter in Gurugram, India.
As of December 2020, the company has a presence in 24 countries across the globe and in India present in 526 cities with 350,000+ active restaurant listings in the fiscal year 2020. As per App Annie’s estimates, Zomato mobile application is the most downloaded food and drink application in India since 2018 on Google Play and ios App combined.
In India in the fiscal year 2020, on an average monthly 10.7 million customers order food from Zomato. The Food Delivery company has the largest hyperlocal delivery networks, as of December 2020, the company has 161,637 delivery partners who fulfilled 94.9% of orders delivered. In the fiscal year 2020 on average, the food and delivery company had 131,233 active delivery restaurants every month.
Zomato issues shares worth ₹ 9,375 Crore in which fresh issue shares worth ₹ 9,000 crores and while the remaining ₹375 crores is an offer for sale by Info Edge India Ltd. You can apply bid from July 14 to 16 2021.
Zomato IPO Details –
|Public Issue||Amount in INR|
|Total Issue Size||₹ 9,375 Crore|
|Fresh Issue||₹ 9,000 Crore|
|Offer for Sale||₹ 375 Crore |
(by existing shareholder Info Edge)
Zomato IPO Lot Size –
|Minimum Lot – 1||195||₹ 14,820|
|Maximum Lot – 13||2535||₹ 192,660|
The minimum lot size of Zomato IPO is 195 shares, and retail/individual investors can apply up to 13 lots (2,535 shares at an amount of ₹ 192,660).
Zomato IPO Dates
|IPO Open Date||14 July 2021|
|IPO Close Date||16 July 2021|
|IPO Allotment Date||22 July 2021|
|Amount Refund Date||23 July 2021|
|Shares credit to Demat Account||26 July 2021|
|IPO Listing Date||27 July 2021|
Other Details –
|IPO Price||₹ 72 to ₹ 76 per equity share|
|Face Value||₹ 1 per equity share|
Shares Reserved for Category –
|Qualified International Buyer (QIB)||75 %|
|Non-institutional investors (NII)||15 %|
|Retail Investors (RI)||10 %|
Zomato Financials –
The food and delivery company Zomato’s combine loss at ₹ 816 crores in the financial year March 2021 narrow from a loss of ₹ 2,386 crores in the previous year. But Revenue decline ₹ 2,119 Crore (in FY21) from 2,443 Crore (in FY20), the decline in revenue was largely due to the impact of Covid-19 in India.
Obejective of the Issue –
Zomato will utilize the net proceeds from the IPO for –
- Funding organic and inorgainc growth initiatives (Rs. 6,750 Crore)
- General corporate purposes
Zomato Shareholders –
As of the date of DHRP the company has 74 shareholders.
Company Strengths –
- Recognised brands across India.
- Persence in 24 countries across globe.
- Efficient and widespread hyperlocal delivery network.
- A strong network of 350,000+ active restaurants listing as of December 2020.
- In Fiscal year 2020, on an average monthly 10.7 million customers order food.
- Most downloaded food and drink application in India since 2018.
Global Co-ordinators and Book Running Lead Managers
- Kotak Mahindra Capital Comapny Ltd.
- Credit Suisse Securities India Pvt. Ltd.
- BofA Securities India Ltd.
- Citigroup Global Markets India Pvt. Ltd.
- Morgan Stanley India Company Pvt. Ltd.
Zomato IPO Registrar –
Link Intime India Private Ltd.
Zomato IPO GMP Rates (Grey Market Premium)
|12 July||₹ 13|
|11 July||₹ 16|
|10 July||₹ 16|
Zomato IPO expected return is 25 %
The IPO of food and delivery company Zomato proposed to be listed on BSE and NSE, and the company has received approval from BSE and NSE for the listing of the equity shares.