Zomato Announced IPO: Should You Be Subscribing It?

Zomato IPO

Zomato made its successful and sudden announcement of the Zomato IPO. This announcement has left every one of its customers excited.  It is also the first in the Indian online food aggregators startup to launch an IPO.

IPO of food aggregator Zomato Limited will finally open on July 14 (Wednesday). This claim was said during the three-day public issue, concluding on July 16, 2021 (Friday).

Zomato Limited is India’s most extensive food delivery service. It is also one of the most used due to the convenience it brings to everyone. From college students to busy working people, delivery of food with just a few clicks away!

Details About Zomato IPO

The IPO consists of a new issue aggregating up to Rs 9000 cr of a new topic. Also, an Offer For Sale (OFS) by Info Edge (India) Limited will add up to Rs 375 cr.

The second-biggest IPO since SBI Cards is what people know it as. Payment Services’ Rs 10,341-crore issued in March 2020, before the COVID-19 pandemic struck.

The public offer takes Zomato’s valuation to $9 billion. This valuation makes it the first and the most prominent Indian online food aggregator.

When will the Zomato IPO open for subscription, and when will it close?

Zomato IPO will open for subscription on Wednesday, July 14, and close on Friday, July 16. If you’re interested then you know which dates to close it upon.

What is the price band for the IPO?

The fixed price has been around a range of Rs. 72 to Rs 76.

What is the issue size of Zomato IPO?

The issue comprises shares that are aggregating up to Rs 9,000 crore. Additionally, there’s an offer for sale of up to Rs 375 crore by current shareholders.

When will the finalization of the basis of allotment take place for Zomato IPO?

The finalization of the basis of allotment is likely by July 22, and the initialization is to be on July 23.

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