Mumbai: The most talked about the initial public offering (IPO) for Major Zomato’s food delivery arranged to open on July 14 and close on July 16.
Under the rules of SEBI, the stock will be registered before the end of the month, most likely July 27, the word source said.
The company’s shares offered on the price of the price of Rs 72-76, BSE disclosure shows.
Major Food Shipping Based Application, where Edge Info The company listed holds substantial bets, aims to increase around Rs 9,375 Crore.
Of the total size of the problem, shares worth around RS 375 Crore are in offers for sale by technology entities.
On July 2, Zomato received a nod of the market regulator to launch its IPO.
After the listing, the company is eyeing an assessment in the range of $ 8-10 billion, or around Rs 60,000-75,000 Crore, the source of the market.
Funds raised by issuing new shares will be used to finance the initiative of the Organic and Inorganic Growth Zomato, and the company’s general needs, the design of the paper for the IPO has noted.
In the past few days, behind a strong demand for its shares from large institutional investors, the company has raised the size of the IPO from around RS 7,500 Crore planned previously.
At the same time, infoedge has also divided the two sizes of offers for sale from the previous RS 750 Crore.
During the 2020 fiscal, Zomato’s income jumped more than doubled to $ 394 million (around Rs 2,960 Crore) compared to the annual year period, while EBITDA (profit before interest, tax, depreciation, and amortization) is around Rs 2,200 Crore.
Mahindra Capital Co., Morgan Stanley India, Credit Suisse, Bofa Securities India and Citigroup Global Markets India Manage offers.
The company’s shares will be registered with BSE and NSE.