Zomato is the Indian fast food and multinational restaurant aggregator and online food delivery company. The company was founded in 2008 by Pankaj Chaddah and Deepinder Goyal. The company currently operates all over the world and is headquartered in Gurgaon, Haryana, India. The company was founded as Foodiebay initially and rebranded as Zomato in 2010.
The company specializes in delivering food to the customers ordered through the app or website from nearby restaurants and fast-food outlets. It also helps with restaurant bookings. The company operates in 2 countries and covers more than 10,000 cities.
Zomato Revenue & Other Details
Zomato generates revenue of about ₹2,486 crores and has an IPO size of ₹9375 crores. It recently announced to go public by offering equity shares of 9,000 crores.
The food delivery giant announced issuing the IPO for two days from July 4 and has increased the offered size by 20%.
It has created quite a stir among the investors because this is the first large listing from the digital space in the country and also because it would serve as the benchmark price for other businesses.
How to buy Zomato shares?
The Zomato IPO price per share is expected to be between Rs. 72 to 76. You can buy Zomato shares through investment platforms like Zerodha and Groww. You have to open a trading account in these trading platforms and then subscribe for the IPO.
How to Buy Zomato IPO?
To buy Zomato shares you simply need a trading account on one of the popular trading platforms and then purchase the IPO from the stock exchange.
You need to be a retail investor for whom the quota is fixed at 10% of the net offer. Whereas, the QIB quota is fixed at 75%. The remaining 15% is kept for NIIs.
Investors need to subscribe to the IPO by betting for a minimum order quantity of 195 shares or in its multiples. For retail investors, it is possible to bid for a maximum of 13 lots at the upper end.
What will be the price of Zomato share?
Zomato IPO share price expected to be between Rupees 72 to 76. The minimum order quantity is 195.
The company will be selling Rs. 375 crores of shares in the Initial Public Offering. With the selling of IPO shares, Zomato is expecting to raise 9000 crores in the form of fresh issuance of shares. Thus, the total value of the IPO will become Rs. 9,375 crores. In 2021, Zomato would be the largest IPO so far since the year began.
Is Zomato listed in stock market?
Yes, Zomato IPO is one of the first Indian startup to be listed on the national bourses. Zomato recently filed its DRHP with SEBI.
Can I buy Zomato IPO?
Yes, you can buy the Zomato IPO shares.
When is Zomato IPO coming?
July 14 is the launch date of the Zomato IPO which will go live for three days starting from 14 July 2021 to 16 July 2021.