INSUBCONTINENT EXCLUSIVE:
Zomato IPO: Zomato has an existence in 24 nations throughout the world and utilizes more than 5,000 peopleZomato's Rs 9,375 crore going
public (IPO) will open for subscription tomorrow i.e
July 14 and will stay open for 3 days until July 16
The Zomato IPO will include a fresh issue of Rs 9,000 crore and a market of Rs 375 crore by the promoter, Information Edge India
The shares will be used in the cost band of Rs 72-76 per share and are likely to be noted on the bourses on July 27
Financiers can bid for a minimum one lot of 195 shares and in multiples thereof, extending approximately an optimum of 13 lots
At the upper end of price band, one great deal of Zomato shares will gather Rs 14,820
Zomato will use the IPO proceeds to money its organic and inorganic development initiatives and for general corporate purposes.Incorporated
in 2008 and backed by China's Ant Group, Zomato is among the most popular start-ups in the country today
Zomato has an existence in 24 countries across the world and utilizes more than 5,000 people.The Zomato IPO will be the 2nd biggest IPO in
the last 4 years after the Rs 10,355 crore IPO from SBI Cards and Payment Providers in 2015
It will likewise be the very first Indian mega start-up to go public.Bank of America Merrill Lynch, Citigroup Global Markets India, Credit
Suisse Securities (India), Kotak Mahindra Capital Company and Morgan Stanley India are the lead supervisors for Zomato IPO, whereas Link
Intime is the registrar of the concern.
