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Zomato IPO to come next week

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Zomato IPO to come next week
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If you are waiting for the IPO of food delivery company Zomato, then there is good news for you. Zomato IPO is opening next week only on July 14.

The company has given this information in the red herring prospectus being prepared for the IPO. This offer will close on 16th July. So if you are thinking of making money by investing in the Zomato IPO, then keep money ready in your account.

Zomato IPO to come next week
Image Source- Google | Image By- The Financial Express

The company is planning to raise Rs 9,375 crore through IPO. Under this, new shares worth Rs 9,000 crore will be issued, while an offer for sale (OFS) of Rs 375 crore will be issued to Info Edge Company.

what will be the price

The company has kept the price band of Rs 72 to 76 per share for this IPO. The lot size for this will be 195 shares. That is, the investor can invest for at least 195 shares. In this way, you will have to keep an amount of about 15 thousand rupees ready in your account for investing in Zomata’s IPO.

It is worth noting that in February this year itself, Zomato had raised an amount of $ 250 million under Pre IPO Fund Raising from several investors like Quora Management, Tiger Global, Fidelity, Dragoneer and Bow Wedge. In April this year, Zomato had filed the Red Herring Prospectus Draft (DRHP) for the IPO.

Zomato IPO to come next week
Image Source- Google | Image By- TimeIsnow News

The company is currently in loss

The company had a consolidated loss of Rs 2,385.6 crore in the financial year ended March 31 this year. However, its income doubled from a year ago to Rs 2,604.7.

Despite the losses, if people are showing interest in this company, then it is because its business concept is unique and it is expected to grow a lot in the future.

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