Changes for page Zomato
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... ... @@ -127,6 +127,19 @@ 127 127 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. 128 128 129 129 130 +== Zomato IPO to open on July 14, 2021 == 131 + 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}} 133 + 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). 135 + 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. 137 + 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. 139 + 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. 141 + 142 + 130 130 = References = 131 131 132 132 {{putFootnotes/}}