Read Zomato (IPO) Date, Price Band, Size Listing, Review, GMP, Allotment, Subscription Details and company data and Grey market price in Comments, Article Published in Initial public offering section on e akhabaar
The food delivery firm Zomato is ready to itself on Stock Exchange. The date is finalised and it will enter the market next week. The Initial Public Offer (IPO) issue size is Rs 9,375 crore Public Issue. As per the details, it will launch on July 14, 2021. The price band will be between Rs 72 – Rs 76 per share. Here is the complete detail about this Initial Public Offer (IPO). Let’s have a brief look at the topic and know how you can apply for this IPO.
Zomato (IPO) Date
In this Zomato IPO, 75% portion is reserved for qualified institutional buyers (QIB). While on the other side 15% is reserved for non-institutional investors. While 10% is reserved for retail investors. Investors can buy this IPO at this price band of Rs 72 – 76 per equity share.
It will be launch on July 14 and will be available for buying through millions of investors in India. It will be closed on July 17. Bids can be made for a minimum of 195 equity shares and in multiples thereafter. The IPO will also have 65 lakh equity shares reserved for employees of the company. Zomato received SEBI’s nod in the previous week.
Zomato (IPO) Review
The company is ready to raise Rs 9000 crore via this Initial Public offer. The funding will be used for the expansion and growth of the company. Zomato has plans to improve it its services and customer experience which is teh basic need to expand across the country.
It was noticeable that revenue has been surged and recorded Rs 2,742 crore During the pandemic. So far the company recorded a loss for few months and it remains to continue for the period.
If we talk about the valuation, so reportedly it was found that Zomato is valued at $5.4 billion post-money. Even the firm is backed by Tiger Global, Fidelity and Kora Management were among the latest investors in Zomato pumping in $250 million.
Zomato (IPO) Listig Date
The subscription status of this IPO will include the total number of applications applied for the Initial Public Offer (IPO). The details will be available when the IPO will be launched among all of us. It will be available with the in the table and total number who subscribed for the IPO.
The listing will take place very soon nearly July 24. The listing exchange will be BSE & NSE. So you can trade Zomato Share at both stock exchanges. Both exchanges are regulated under the Securities and Exchange Board of India (SEBI).
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