Incorporated in 2010, Zomato Limited is one of the leading online Food Service platforms in terms of the value of food sold as of Dec 31, 2020. Its B2C offerings include food delivery and dining-out services where customers can search and discover restaurants, order food delivery, book a table, and make payments for dining out at restaurants while under the B2B segment, it generates revenue from Hyperpure (supply of high-quality ingredients and kitchen products to restaurants) and Zomato Pro, customer loyalty program.
As of December 31, 2020, Zomato has established a strong footprint across 23 countries with 131,233 active food delivery restaurants, 161,637 active delivery partners, and an average monthly food order of 10.7 million customers.
Objects of the Issue:
The net proceeds from the IPO will be utilized towards the following objectives;
- Funding organic and inorganic growth initiatives.
- Meet general corporate purposes.
Company Financials:
| Particulars | For the year/period ended (₹ in million) | ||
|---|---|---|---|
| 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) |
Zomato IPO Date & Price Band
| IPO Open: | 14 July 2021 |
| IPO Close: | 16 July 2021 |
| IPO Size: | Approx ₹9375 Crores |
| Fresh Issue: | Approx ₹9000 Crores |
| Offer for Sale: | Approx ₹375 Crores |
| Face Value: | ₹1 Per Equity Share |
| Price Band: | ₹72 to ₹76 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 10% |
| Equity: | – Shares |
Zomato IPO Market Lot
The Zomato IPO minimum market lot is 195 shares with ₹14,820 application amount. The retail investors can apply up-to 13 lots with 2535 shares or ₹192,660 amount.
| Minimum Lot Size: | Minimum 195 Shares |
| Minimum Amount: | ₹14,820 |
| Maximum Lot Size: | Maximum 2535 Shares |
| Maximum Amount: | ₹192,660 |
Zomato IPO Allotment & Listing
The Zomato IPO date is 14 July 2021 and the close date is 16 July 2021. The allotment will be finalized on 22 July 2021 and the IPO may list on 27 July 2021.
| Basis of Allotment: | 22 July 2021 |
| Refunds: | 23 July 2021 |
| Credit to Demat Account: | 26 July 2021 |
| Listing Date: | 27 July 2021 |
Company Promoters
- COMPANY IS A PROFESSIONALLY MANAGED COMPANY AND DOES NOT HAVE AN IDENTIFIABLE PROMOTER
Zomato IPO Lead Managers
- Kotak Mahindra Capital Company Limited
- Morgan Stanley India Company Private Limited
- Credit Suisse Securities (India) Private Limited
- BofA Securities India Limited
- Citigroup Global Markets India Private Limited