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Zomato Limited IPO Detail

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 DateJul 14, 2021
IPO Closing DateJul 16, 2021
Issue TypeBook Built Issue IPO
Face Value₹1 per equity share
IPO Price ₹72 - 76 per equity share
Market Lot195 Shares
Min Order Quantity195 Shares
Listing AtBSE, 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)

Day 1 0.98x 0.13x 2.70x 0.18x - 1.05x
Day 2 7.07x 0.45x 4.73x 0.36x - 4.80x
Day 3 51.79x 32.96x 7.45x 0.62x - 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 DateJul 14, 2021
IPO Close DateJul 16, 2021
Basis of Allotment DateJul 22, 2021
Initiation of RefundsJul 22, 2021
Credit of Shares to Demat AccountJul 22, 2021
IPO Listing DateJul 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).

ApplicationLotsSharesAmount (Cut-off)

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.