New Delhi: The wait for the IPO of online food delivery platform Zomato Ltd is over. Its IPO will open for subscription on July 14 and will close on July 16. The price band for this has been fixed at 72-76 per share. Let us tell you that Zomato has got approval from market regulator SEBI last week to raise funds through IPO. The face value of the shares is Rs. A minimum of 195 equity shares will have to be bid for and thereafter bids will be placed in multiples of 195.
Let us tell you that the platform Zomato plans to raise 9375 crores according to the price band of Rs 72-76 per share through the issue. The issue offer comprises fresh equity shares and an offer for sale (OFS) from Info Edge, the parent company of Naukri.com. The company's investors include Info Edge, Sequoia, Ant Financials, and Uber and the company has no promoters.
In the company's mega IPO, 75 percent stake is reserved for qualified institutional buyers (QIBs) and 15 percent for non-institutional investors (NIIs). 10% of the public issue is reserved for retail investors. In the IPO, 65 lakh equity shares have been reserved for the employees of the company.
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