Zomato Limited IPO – July 14 to 16

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Zomato Limited IPO – July 14 to 16

July 08, 2021
Zomato Limited IPO – July 14 to 16

Zomato Limited is coming out with a fresh public issue to raise Rs 9,375 crores from the market.

Key details of the issue:

  • Issue opens – July 14 (Wednesday)
  • Issue closes – July 16 (Friday)
  • Issue size – Rs 9,375 crores
  • Price band – Rs 72 to 76 per equity share
  • Bid lot – 195 shares and in multiples thereof
  • Employee reservation – 65,00,000 equity shares (Rs 49.4 crores)

And here are some details of the company and further details on the Zomato Limited issue.

Company details:

The Zomato technology platform connects customers, restaurant partners and delivery partners, serving their multiple needs. Customers use its platform to search and discover restaurants, read and write customer-generated reviews and view and upload photos, order food delivery, book a table and make payments while dining-out at restaurants. On the other hand, the company provides restaurant partners with industry-specific marketing tools that enable them to engage and acquire customers to grow their business while also providing a reliable and efficient last-mile delivery service. The company also operates a one-stop procurement solution, Hyperpure, which supplies high-quality ingredients to restaurant partners. It also provides its delivery partners with transparent and flexible earning opportunities.

According to RedSeer, the company is one of the leading Food Services platforms in India in terms of value of food sold, as of March 31, 2021. During Fiscal 2021, 32.1 million average MAU visited its platform in India. As of March 31, 2021, it was present in 525 cities in India, with 389,932 active restaurant listings. Its mobile application is the most downloaded food and drinks application in India in each of the last three fiscal years since Fiscal 2019 to Fiscal 2021 on App Store and Google Play combined, as per App Annie’s estimates.

Zomato has two core business-to-customer (B2C) offerings: Food Delivery and Dining-Out. This is in addition to its business-to-business (B2B) offering: Hyperpure.

Another important part of its business is Zomato Pro, its customer loyalty program that encompasses both food delivery and dining-out.

Each of its B2C as well as B2B offerings help increase the value of its platform for customers, enabling it to further attract new customers and to deepen engagement with existing customers. The company believes that each of its offerings also helps improve Assortment, Affordability, Accessibility and Quality (AAAQ) of restaurant food for its customers, thereby helping grow the restaurant industry.

Issue size: Rs 9,375 crores

Issue break-up:

  • QIB – 75% of the offer – Rs 6994.20 crores
  • NIB – 15% of the offer – Rs 1398.84 crores
  • RET – 10% of the offer – Rs 932.56 crores

Listing: NSE and BSE

Registrar: Link Intime India Private Limited

UPI: All retail applications through brokers are compulsorily in UPI mode

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by Team Espresso

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