InvestorQ : When is the Zomato IPO scheduled to hit the market in India?
Arti Chavan made post

When is the Zomato IPO scheduled to hit the market in India?

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Rutuja Nigam answered.
4 months ago
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Online Food ordering and delivery start-up, Zomato, has just filed the DRHP or Draft Red Herring Prospectus with SEBI for its IPO. Normally, the actual IPO happens within 2-3 months of the DRHP filing. This IPO was expected for quite some time and will be one of the first big Unicorn IPOs. In the Indian market, Zomato and Swiggy dominate the food ordering and delivery business. The IPO will be worth Rs.8,250 crore consisting of Rs.7500 crore fresh issue and Rs.750 crore OFS.

The food delivery business has witnessed a massive surge in the midst of the COVID pandemic. Zomato already has backing from Ant Group of China, which is owned by Jackie Ma of Alibaba fame. Zomato has a presence in 24 countries and employs over 5,000 people. Zomato will utilize the fresh funds of Rs.7500 crore for organic and inorganic business expansion

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