Zomato Limited IPO Detail
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.
Competitive Strengths
- Among the leading Food Service Delivery platforms.
- Recognized consumer brand equity across India.
- Widespread and efficient on-demand hyperlocal delivery network.
- A strong network of 131,233 restaurants and 161,637 delivery partners.
Company Promoters
Zomato is a professionally managed company with no identifiable promoters under the SEBI ICDR Regulations and Companies Act.IPO Details
| IPO Opening Date | Jul 14, 2021 |
| IPO Closing Date | Jul 16, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 per equity share |
| IPO Price | ₹72 - 76 per equity share |
| Market Lot | 195 Shares |
| Min Order Quantity | 195 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹8,250 Cr |
| Fresh Issue | [.] Eq Shares of ₹1 (aggregating up to ₹7,500.00 Cr) |
| Offer for Sale | [.] Eq Shares of ₹1 (aggregating up to ₹750.00 Cr) |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.98x | - | - | 0.13x | 2.70x | 1.05x |
| Day 2 | 7.07x | - | - | 0.45x | 4.73x | 4.80x |
| Day 3 | 51.79x | - | - | 32.96x | 7.45x | 38.25x |
IPO Tentative Timetable
The Zomato Limited IPO open date is Jul 14, 2021, and the close date is Jul 16, 2021. The issue may list on Jul 23, 2021.
| IPO Open Date | Jul 14, 2021 |
| IPO Close Date | Jul 16, 2021 |
| Basis of Allotment Date | Jul 22, 2021 |
| Initiation of Refunds | Jul 22, 2021 |
| Credit of Shares to Demat Account | Jul 22, 2021 |
| IPO Listing Date | Jul 23, 2021 |
IPO Lot Size
The Zomato Limited IPO market lot size is 195 shares. A retail-individual investor can apply for up to 13 lots (2535 shares or ₹192660).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 195 | ₹14820 |
| Maximum | 13 | 2535 | ₹192660 |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Dec-20 | 6,988.32 | 1,367.65 | 682.19 |
| 31-Mar-20 | 2,900.38 | 2,742.73 | 2,385.6 |
| 31-Dec-19 | 3,412.88 | 1,397.72 | 1,010.23 |
| 31-Dec-18 | 1,374.49 | 487.04 | 106.91 |
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.
