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102	102	Zomato has an exclusive paid-membership program, Zomato Pro, which unlocks flat percentage discounts for its customers at select restaurant partners across both food delivery and dining-out offerings. These discounts are available to its customers on all days in a year (except during a few pre-determined festive days) and the Pro Restaurant Partners choose and fund the percentage discount available to Pro Members at their restaurants. The company's customers become Pro Members by paying it a membership fee. The program allows Pro Restaurant Partners to market themselves to a select audience. As of December 31, 2020, the company had 1.4 million Pro Members and over 25,350 Pro Restaurant Partners in India.
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106	106	= Financial Highlights =
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108	108	According to the DRHP, Zomato reported a loss of Rs 682 crore in the nine months ending December 2020. Previously, In the financial year 2019-20, the company had a net loss of Rs 2,386 crore, up from Rs 1,010 crore in the financial year 2018-19. Although the company reported a jump in revenue from Rs 1,397 crore in FY19 to Rs 2,743 crore in FY20, its expenses have increased from Rs 3,608 crore to Rs 5,006 in the same period.
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129	129	Zomato reported a revenue of Rs 2,486 crore for FY20, even as its losses widened to Rs 2,451 crore during this period, as the pandemic shrunk order volumes and dine out revenue.
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	130	+== Zomato IPO to open on July 14, 2021 ==
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	132	+Zomato IPO: The initial public offering (IPO) of online food delivery platform Zomato will open on Wednesday, July 14, 2021, and will be available for subscription till Friday, July 16, 2021. The price band of the IPO has been fixed at Rs 72-76 per share of the face value of Rs 1 each. Earlier this week, the company had received a go-ahead from markets regulator Sebi. {{footnote}}https://indianexpress.com/article/business/market/zomato-ipo-opens-july-14-price-band-rs-72-76-lot-size-and-more-details-7394678/{{/footnote}}
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	134	+The online food delivery giant aims to raise Rs 9,375 crore through the offer. The Zomato IPO comprises a fresh issue of equity shares worth Rs 9,000 crore and an offer for sale (OFS) worth Rs 375 crore by Info Edge (India), the parent company of Naukri.com, as per the information provided in the red herring prospectus available on the National Stock Exchange (NSE).
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	136	+Investors who wish to subscribe to Zomato’s IPO can bid in the lot of 195 equity shares and multiples thereof, as per its newspaper advertisement to Financial Express. At the upper price band, they will have to shell out Rs 14,820 to get a single lot of Zomato. The shares will be listed on both BSE and NSE.
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	138	+The Zomato IPO will have 75 per cent reserved for qualified institutional buyers (QIBs) and 15 per cent will be reserved for non-institutional investors (NIIs). The remaining 10 per cent of the issue will be available for retail investors.
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	140	+The anchor portion is likely to open on Tuesday, July 13, 2021, one working day prior to the opening date for the public offer, the share allotment is likely to take place on July 22, 2021, and the shares are expected to be listed on July 27, 2021.
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