INSUBCONTINENT EXCLUSIVE:
Zomato was incorporated in 2008 and is backed by China's Ant GroupZomato's Rs 9,375 crore initial public offering (IPO) opens for
offered in the price band of Rs 72-76 per share
Flipkart, Paytm and Ola waiting in the wings
9,000 crore and an offer for sale of Rs 375 crore by the promoter, Info Edge India
Investments Fund, BlackRock Global, Lansforsakringar Asienfond, JPMorgan, Morgan Stanley Investment Fund, T Rowe Price and Canada Pension
Plan Investment Board.Retail applicants can bid for a minimum one lot of 195 shares and in multiples thereof, extending up to a maximum of
Zomato will utilise the IPO proceeds to fund its organic and inorganic growth initiatives and for general corporate purposes.Zomato was
overseas.The Zomato IPO will be the second largest share sale after the Rs 10,355 crore IPO from SBI Cards and Payment Services last year
It will also be the first Indian mega startup 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 managers for Zomato IPO, whereas Link Intime is the
