The initial public offer (IPO) of online food delivery and restaurant discovery platform Zomato, which got approval from the market regulator last week, is likely to open for subscription on July 19 and may continue for three days till July 22.
The company expected to start the subscription for its initial public offer (IPO) at a price band of Rs 70-72 per share. The offer size of Zomato's IPO will likely be as much as Rs 9,375 crore at this price, making it the second-biggest IPO in the past four years. At this price band, the offer size will likely be as much as Rs 9,375 crore, making it the second-biggest IPO in the last four years after the Rs 10,355 crore offer from SBI Cards and Payment Services.
The Zomato would be valued at USD7.6 billion which is more than Amazon-backed British food delivery firm Deliveroo or Nasdaq-listed Grubhub. The mega IPO has also received nod from the Securities and Exchange Board of India (SEBI) indicating its launch soon. Here are 10 points you need to know about this much waited listing.