Zomato is a podium that connects customers, restaurant partners, and delivery partners in order to serve their multiple needs. Moreover, there are customers who make use of this platform to search and explore restaurants, order meals and drinks, book a table, read and pen down the customer reviews, and making payments during the dine-out with your loved ones. Zomato is a company which is incorporated in the year 2010 and is now considering the most operational online platform for foodservice. The IPO of Zomato will open on 14th July 2021 and will close on 16th July 2021 with a price bracket of Rs. 72-76 per equity share.
After the SBI card, Zomato is launching the largest IPO in the past 16 months.Â
Let’s have a detailed view of Zomato IPO:
Promoters of the Company
Zomato is a professionally managed company with no promoters under the SEBI ICDR Regulations and Companies Act.
Issuance of Shares
Issue size: Rs.9.375.00 crore
Face value: Rs.1
Listing At: BSE
The Objective of the Issuance of Shares
- To meet organic and inorganic growing edges.
- To meet general corporate purposes
IPO Share Price
The company decides the price band at Rs. 72-76 per equity share.
Reserved Percentage
Qualified Institutional Buyers- the reserved percentage is up to 75percent of the total offer
Retail Investors- the reserved percentage is up to 10 per cent of the total offer
Non-Institutional Buyers- the reserved percentage is the remaining 15 percent of the total offer
IPO Opening and Closing date
The Zomato IPO is likely to open for subscription on 14th July 2021 and will close on 16th July 2021.
Lot size and Minimum number of shares
Each lot size includes a total of 195 shares. Therefore, an investor should subscribe for a minimum count of 195 shares only.
Allotment of Shares
The allotment of shares will be done on 22nd July 2021 and the shares allotted will be transferred to your Demat account by 26th July 2021.
IPO listing date
The IPO listing date of Zomato is yet to announce. Moreover, the expected date may be 27th July 2021.
Trendy Analysis
Zomato is a trending company nowadays for meal service. It provides an online platform that ties customers, restaurants, and delivery partners in order to fulfil their multiple needs. Moreover, from Hyperpure, the food giant company is generating revenue thereby providing kitchen goods and high-quality ingredients to restaurants. The company has also built a strong network across India. There are approx. 3,89,932 restaurants are listed. Moreover, the service of zomato is available in 525 cities in India. Zomato has a strong customer base which may as a justifiable reason for buying the subscription. If we look into the financials of the company, the company has nearly doubled the revenue from the past years. The only decline took place because of the adverse impact of Covid-19. Furthermore, Trendy 369 would give a thumbs up for this particular IPO.
