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Zomato IPO is a book built issue of Rs 9,375.00 crores. The issue is a combination of fresh issue of Rs 9,000.00 crores and offer for sale of Rs 375.00 crores.
Zomato IPO bidding started from July 14, 2021 and ended on July 16, 2021. The allotment for Zomato IPO was finalized on Thursday, July 22, 2021. The shares got listed on BSE, NSE on July 23, 2021.
Zomato IPO price band is set at ₹72 to ₹76 per share. The minimum lot size for an application is 195 Shares. The minimum amount of investment required by retail investors is ₹14,820.
Bofa Securities India Limited, Citigroup Global Markets India Private Limited, Credit Suisse Securities (India) Private Limited, Kotak Mahindra Capital Company Limited and Morgan Stanley India Company Pvt Ltd are the book running lead managers of the Zomato IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Zomato IPO RHP for detailed information.
| IPO Date | July 14, 2021 to July 16, 2021 |
| Listing Date | July 23, 2021 |
| Face Value | ₹1 per share |
| Price Band | ₹72 to ₹76 per share |
| Lot Size | 195 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹9,375.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹9,000.00 Cr) |
| Offer for Sale | [.] shares of ₹1 (aggregating up to ₹375.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 6,660,969,150 |
| Share holding post issue | 7,845,179,676 |
Zomato IPO offers 719,233,522 shares. 388,837,690 (54.06%) to QIB, 194,337,499 (27.02%) to NII, 129,558,333 (18.01%) to RII, 6,500,000 (0.90%) to employees. 664,401 RIIs will receive minimum 195 shares and (sNII) and (bNII) will receive minimum 2,730 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 388,837,690 (54.06%) | NA |
| NII (HNI) Shares Offered | 194,337,499 (27.02%) | |
| Retail Shares Offered | 129,558,333 (18.01%) | 664,401 |
| Employee Shares Offered | 6,500,000 (0.90%) | NA |
| Total Shares Offered | 719,233,522 (100%) |
Zomato IPO opens on July 14, 2021, and closes on July 16, 2021.
| IPO Open Date | Wednesday, July 14, 2021 |
| IPO Close Date | Friday, July 16, 2021 |
| Basis of Allotment | Thursday, July 22, 2021 |
| Initiation of Refunds | Friday, July 23, 2021 |
| Credit of Shares to Demat | Friday, July 23, 2021 |
| Listing Date | Friday, July 23, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 16, 2021 |
Investors can bid for a minimum of 195 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 195 | ₹14,820 |
| Retail (Max) | 13 | 2535 | ₹192,660 |
| Lot Size Calculator | |||
Incorporated in 2010, Zomato Limited is one of the leading online Food Service platforms in terms of the value of food sold as of Dec 31, 2020. Its B2C offerings include food delivery and dining-out services where customers can search and discover restaurants, order food delivery, book a table, and make payments for dining out at restaurants while under the B2B segment, it generates revenue from Hyperpure (supply of high-quality ingredients and kitchen products to restaurants) and Zomato Pro, customer loyalty program.
As of December 31, 2020, Zomato has established a strong footprint across 23 countries with 131,233 active food delivery restaurants, 161,637 active delivery partners, and an average monthly food order of 10.7 million customers.
Competitive Strengths
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 87,035.43 | 29,003.82 | 34,134.05 | ||
| Total Revenue | 21,184.24 | 27,427.39 | 13,977.17 | ||
| Profit After Tax | (8,164.28) | (23,856.01) | (10,105.14) | ||
The net proceeds from the IPO will be utilized towards the following objectives;
[Dilip Davda] The rationale is given in PREFACE and the negative P/E makes this mega primary offer a costly bet. Earlier two loss-making food chain IPOs of Burger King and Barbeque Nation have rewarded investors in the medium term, but they were in the hotel sector that enjoys good margins, whereas this company is purely dependent on third party supply and is primarily in the food delivery business. This being the first mover in the segment, its listing performance hinges on ongoing uncertainty and the future prospects. National Restaurant Association of India (NRAI) moving Competition Commission of India (CCI) for level playing field between restaurants and online food aggregators is a major concern for a while. Being mega offer, chances of allotment are higher. There is no harm in skipping this IPO with inflated valuations. Read detail review...
The Zomato IPO is subscribed 38.25 times on July 16, 2021 5:01:00 PM. The public issue subscribed 7.45 times in the retail category, 51.79 times in the QIB category, and 32.96 times in the NII category. Check Day by Day Subscription Details (Live Status)
Application Wise IPO Subscription (Retail): 5.13 times
| Category | Subscription (times) |
|---|---|
| QIB | 51.79 |
| NII | 32.96 |
| Retail | 7.45 |
| Employee | 0.62 |
| Total | 38.25 |
| Listing Date | July 23, 2021 |
| BSE Script Code | 543320 |
| NSE Symbol | ZOMATO |
| ISIN | INE758T01015 |
| Final Issue Price | ₹76 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹76.00 |
| ₹115.00 |
| ₹114.00 |
| ₹138.00 |
| ₹125.85 |
Zomato Limited
Ground Floor, 12A, 94 Meghdoot, Nehru Place
New Delhi, 110 019
Phone: +91 011 4059 2373
Email: companysecretary@zomato.com
Website: http://www.zomato.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: zomato.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Lead Manager Reports
Zomato IPO is a main-board IPO of [.] equity shares of the face value of ₹1 aggregating up to ₹9,375.00 Crores. The issue is priced at ₹72 to ₹76 per share. The minimum order quantity is 195 Shares.
The IPO opens on July 14, 2021, and closes on July 16, 2021.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Zomato IPO using UPI as a payment gateway. Zerodha customers can apply in Zomato IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Zomato IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Zomato IPO opens on July 14, 2021 and closes on July 16, 2021.
Zomato IPO lot size is 195 Shares, and the minimum amount required is ₹14,820.
You can apply in Zomato IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Zomato IPO will be done on Thursday, July 22, 2021, and the allotted shares will be credited to your demat account by Friday, July 23, 2021. Check the Zomato IPO allotment status.
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