The much-awaited IPO of Zomato is finally here. The Rs. 9,375 crore public offering of Zomato comprises fresh issuance of equity shares worth Rs. 9,000 cores and an offer for sale of Rs. 375 crores from shareholders Info Edge, which is listed on exchanges as Naukri.
Zomato is one of the leading online Food Service platforms in India in terms of the value of food sold with a presence in 525 cities in India and 23 countries outside, with 389,932 Active Restaurant Listings as of March 31, 2021.
The company offers its services across B2C (Business to Consumer) and B2B (Business to Business) segments. Its B2C offerings include food delivery and dining-out services. While the B2B offerings include Hyperpure through which they supply high-quality ingredients and kitchen products to restaurants) and Zomato Pro, a customer loyalty program.
|Financial Year Ended||Assets (₹ Crores)||Revenue (₹ Crores)||Loss for the year (₹ Crores)||EPS (₹)|
Zomato seems to have grown 7x since 2018 compared to the 3.6x growth of the overall food delivery industry:
Zomato has been growing at a very fast pace but how much headroom does the company have? This table comparing the total addressable markets in India, the US & China may give us some indication:
For more information, you can refer to the IPO Prospectus filed by the company.
Yes, it can. However, the portion of the IPO reserved for the retail category changes from the usual 35% to 10% of the overall issue size. We’ve covered the details on this post.
Fresh issue of up to 1,250,000,000 at the upper end of the price band aggregating to ₹ 9,000 crores at the upper end of the price band.
Offer for sale of 52,083,333 shares at the upper end of the price band by Info Edge aggregating to Rs 375 crores
QIB - 75%
NIB - 15%
Retail - 10%
Employees will have a quota of shares worth R 49 crores
|Issue Period||14th July 2021 to 16th July 2021|
|Price Range||₹ 72 - 76|
|Minimum Bid Quantity||195|
|Finalisation of Allotment||22nd July 2021|
|Credit of Shares||22nd July 2021|
|Listing Date||23rd July 2021|
|Mandate End Date||3rd August 2021|
You can apply for the Zomato IPO using any supported UPI app by following two steps:
Enter your bid on Console.
Accept UPI mandate on your phone.
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.