Zomato prices its IPO at Rs 72-76 per share

Published On: Thursday, July 8, 2021 | By:

Zomato prices its IPO at Rs 72-76 per share

Major food delivery company Zomato has priced its initial public offer (IPO) at Rs 72-76 per equity share. The offer will open on July 14 and close on July 16. Investors can bid for a minimum of 195 Equity Shares and in multiples of 195 thereafter. The anchor investors will be allotted shares on July 13. The IPO is comprised of a fresh issue of shares worth Rs 9,000 crore and an offer sale of shares amounting to Rs 375 crore. It includes a reservation of 6.5 million shares for employees. At the top end of the price band, the company could raise Rs 9,375 crore and is valued at Rs 64,365 crore. The company plans to utilise the net proceeds from the IPO towards funding organic and inorganic growth initiatives.

Kotak Mahindra Capital, Morgan Stanley India and Credit Suisse Securities (India) are the global coordinators and the book running lead managers (GCBRLMs). BofA Securities India and Citigroup Global Markets are the books running lead managers ("BRLMs") to the offer.

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