Zomato IPO Details with Share Price Range and Issue Size - Motilal Oswal
Zomato IPO Details with Share Price Range and Issue Size - Motilal Oswal

Zomato IPO Details with Share Price Range and Issue Size

Opening Date

July 14, 2021

Closing Date

July 16, 2021 

Face Value

Rs. 1 per equity share

IPO Price Band 

Rs. 72 to 76 per equity share

Minimum Order Quantity

195 equity shares 

Issue Size 

Rs. 9,375 crores

 

After a long wait, the Zomato IPO is finally all set to hit the Indian shores. The company has recently come out with a notification that specified the Zomato IPO share price as well, which generally indicates that the launch of the IPO is near. That said, here’s a quick look at some of the key Zomato IPO details. 

  • About The Company

As you’re probably already aware of, Zomato is one of the country’s leading food delivery companies. In addition to providing food delivery services, the company also offers several dining-out services including table reservations. The entity also has a paid membership program termed Zomato Pro, that offers discounts and other privileges to members who’ve subscribed to the service.

Zomato has also forayed into the business-to-business (B2B) segment as well with its Hyperpure service. Hyperpure delivers fresh, quality ingredients to restaurants and commercial kitchens. The company enjoys a strong brand presence all throughout the country and is very recognizable.

  • Zomato IPO Details    

Now that you’re acquainted with the company and the services it provides, let’s move on to the details such as the Zomato IPO date and Zomato IPO share price.

  • Zomato IPO Date

The company has notified that its upcoming IPO issue would open up for subscription on July 14, 2021 and that it would come to a close on July 16, 2021. 

  • Zomato IPO Issue Size

The total issue size of the latest IPO of Zomato comes up to around Rs. 9,375 crores. The IPO consists of both a fresh issue component as well as an offer for sale from the promoter as well. The fresh issue of shares is likely to generate around Rs. 9,000 crores for the company, whereas the remaining amount would go to the promoter. However, the quantum of shares to be sold to the public hasn’t been disclosed as of yet.  

  • Zomato IPO Share Price

Zomato has also notified the price band of its upcoming IPO as Rs. 72 to Rs. 76 per share. This makes it very cost effective and easily accessible for retail investors. 

  • Zomato IPO Listing 

As with almost all mainboard IPOs, the one from Zomato would also be listed on both the Bombay Stock Exchange as well as the National Stock Exchange. 

  • Zomato IPO Objectives 

The company is looking to use the proceeds that it generates from the issue of fresh shares towards acquisition and funding growth initiatives. It would also use the proceeds to cover general corporate expenses as well. 

Conclusion

Interested in applying for one of the most anticipated IPO issues of all time? You will need an online trading and demat account to do so. If you don’t have one already, head on over to Motilal Oswal’s website to open a demat account online within minutes. 

Before commencing online trading, always remember to open a demat account and trading account with a trusted and reliable financial partner.

If you already have an existing account, you can  start your online trading and invest in the upcoming IPO's.

With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.

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