Zomato IPO worth Rs 8,250 cr expected to launch on 19 July; know all about price band and other details

Zomato IPO price Rs 8,250 cr anticipated to launch on 19 July; know all about worth band and different particulars

The value band of Zomato IPO is predicted to be round Rs 70 to Rs 72 per share, and the meals supply firm is anticipating to get an IPO valuation of $10 billion

Meals supply firm Zomato is predicted to launch its share sale within the India market later in July. In line with a LiveMint report, Zomato had filed its draft purple herring prospectus (DRHP) in April with the market regulator Securities and Change Board of India (SEBI).

The meals supply firm has proposed an IPO of Rs 8,250 crore. SEBI accepted Zomato to boost funds by way of the general public providing.

The corporate goes to change into the primary Indian startup to go public. Listed here are a few of the vital particulars of the Zomato IPO which goes to launch this July:

There will likely be a dilution of about 10 p.c to fifteen p.c by way of the Zomato IPO. That is going to be by way of a recent concern of shares and a suggestion on the market (OFS) by its early investor Data Edge (India) Ltd.

The funds raised by way of the Zomato IPO will likely be used for acquisitions and natural progress plans.

The lead managers and international coordinators to the Zomato IPO are Credit score Suisse Securities (India) Pvt Ltd, Morgan Stanley India Firm Pvt Ltd and Kotak Mahindra Capital Firm.

It’s anticipated that the IPO goes to hit the market on 19 July, as per a report in The Financial Occasions.

With the surge in on-line meals ordering, Zomato goals to get an IPO valuation of $10 billion.

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The value band of Zomato IPO is predicted to be round Rs 70 to Rs 72 per share.

The provide on the market (OFS) by the corporate’s investor Data Edge has been decreased from Rs 750 crore to Rs 375 crore.

The service provider bankers to the Zomato IPO are BofA Securities India Ltd and Citigroup International Markets India Pvt Ltd.

Within the gray market space, the shares had been buying and selling stronger. They had been buying and selling at Rs 88.5 per piece which has a premium of 23 p.c over the tentative IPO worth.

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