InvestorQ : What are the next steps now that SEBI has cleared Zomato IPO?
Aditi Sharma made post

What are the next steps now that SEBI has cleared Zomato IPO?

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Mahima Roy answered.
3 weeks ago
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SEBI has finally gives its go-ahead for the Zomato IPO, which is scheduled to hit the IPO markets shortly. Recently, on 29 April, Zomato had filed its draft red herring prospectus or DRHP with SEBI to raise Rs.8,250 crore via IPO. This will consist of Rs.7,500 crore of fresh issue and Rs.750 crore exit to Info Edge. Out of the fresh issue of Rs.7,500 crore, Zomato will use Rs.5,625 crore to fund its aggressive organic and inorganic growth initiatives.

Zomato will also most likely take a pre-IPO placement of shares in consultation with the lead manages to the issue. The total amount of such placement is expected to be around Rs.1,500 crore. The fund raising at the targeted valuations would value Zomato at an enterprise valuation of $8.7 billion, making it among the premium digital players in India at par with the likes of Paytm, Byjus etc. Zomato will raise the entire funds domestically.

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