Zomato IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Zomato IPO release date, IPO offer price, subscription, Zomato Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 1 |
| Price Band | Rs 72 to Rs 76 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 195 Shares |
| Listing Date | Jul 27, 2021 |
| Offer for Sale | Rs 3,750 Million |
| Fresh Issue | Rs 90,000 Million |
| IPO Size | Rs 93,750 Million |
| Tick Size | 1 |
Zomato IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Zomato IPO – Summary
Zomato is India’s pioneer Multinational restaurant aggregator and food delivery start-up company that provides a huge number of services related to food under one platform.
The company came into existence in the year 2008 and was founded by Deepinder and Goyal Pankaj Chaddah. Zomato initially was launched by the name Foodiebay and then was changed to its original name.
The Promoter of this company is PROFESSIONALLY MANAGED. The lead manager to the issue is Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Credit Suisse Securities (India) Private Limited, BofA Securities India Limited, and Citigroup Global Markets India Private Limited, and the Registrar to this issue is Link Intime India Private Limited.
Zomato IPO Date
The opening and the closing date of the IPO of Zomato Limited are Jul 14, 2021, and Jul 16, 2021, respectively.
Check out Related IPO Links:
| Zomato GMP |
| Allotment for Zomato IPO |
Zomato IPO Subscription
| Day / Date | QIB | NII | RII | Employee | Total Subscription |
| 1st Day – 14 July | 0.98x | 0.13x | 2.70x | 0.18x | 1.05x |
| 2nd Day – 15 July | 7.07x | 0.45x | 4.73x | 0.36x | 4.80x |
| 5th Day – 16 July | 51.79x | 32.96x | 7.45x | 0.62x | 38.25x |
| Shares Offered or Net Issue | 388,837,690 | 194,337,499 | 129,558,333 | 6,500,000 | 719,233,522 |
The shares subscribed by the public will be updated here.
Check Zomato IPO LIVE Subscription
For the Latest Bid details click on the above links.
Zomato IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Zomato Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Jul 22, 2021 |
| Refunds Initiation | Jul 23, 2021 |
| Credit of Shares to Demat Account | Jul 26, 2021 |
| Share Listing Date | Jul 27, 2021 |
Zomato IPO Price Band
The face value of each share is Rs.1, but the price band of the IPO is Rs.72 to Rs. 76
Zomato IPO Equity Size
This Initial Public Issue of X Equity Shares of Rs.1 each for cash at a price of Rs.72 to Rs. 76 per equity share aggregating to Rs.93,750 Million.
Zomato IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.1/ each.
Issue Size: X Equity Shares of Rs.1 each, aggregating to Rs.93,750 Million
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Zomato IPO – Live Performance
The listing date of this IPO is Jul 27, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
Zomato IPO Grey Market Premium
The Zomato Limited IPO Grey Market Premium price is Rs 25, the Kostak rate is Rs 600 and the Subject to Sauda is Rs 3000.
Zomato IPO – Company Overview
Zomato provides a platform that enables the user to access information, menus, user review, and food delivery services from various partner restaurants in selected cities.
The company expanded its services across the country in 2012 and thereafter expanded its business around the globe in countries like UAE, Sri Lanka, UK, South Africa, and many more.In the year 2014, Zomato bought Gastronauci, Poland’s Leading restaurant search platform, and then after-acquired Cibando, which is an Italian restaurant finder.
Zomato currently has a network of around 1.2 million popular restaurants with 100 million users every month with more than 5000 employees. The company is in the 77th position in India’s top 100 start-up ranking.
Their technology platform connects customers, restaurant partners, and delivery partners, serving their multiple needs. Customers use their platform to search and discover restaurants, read and write customer-generated reviews and view and upload photos, order food delivery, book a table and make payments while dining out at restaurants.
On the other hand, they provide restaurant partners with industry-specific marketing tools which enable them to engage and acquire customers to grow their business while also providing a reliable and efficient last-mile delivery service. They also operate a one-stop procurement solution, Hyper pure, which supplies high-quality ingredients to restaurant partners. They also provide their delivery partners with transparent and flexible earning opportunities.
Zomato IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||
| 31-Mar-21 | 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 |
| Total Expense | 26,087.82 | 50,063.11 | 36,081.51 |
| Profit After Tax | (8,164.28) | (23,856.01) | (10,105.14) |
Earnings per Equity Share (in Million)
| 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | (1.51) | (5.42) | (2.57) |
Zomato IPO – Promoters
The Promoter of this company is:
- PROFESSIONALLY MANAGED
List of Related Parties (Key Managerial Personnel)
- Kaushik Dutta, Chairman, and Independent Director
- Deepinder Goyal, Managing Director, and Chief Executive Officer
- Sanjeev Bikhchandani, Non-Executive Director
- Douglas Lehman Feagin, Non-Executive Director
- Aparna Popat Ved, Independent Director
Zomato IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
Zomato IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.93,750 Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to 6,500,000 Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 6,660,969,150 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Zomato IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding organic and inorganic growth initiatives
- General corporate purposes
Zomato IPO – Business Strategy
- Continuous focus on unit economics and growth, at the same time
- Expand and strengthen their community across their three businesses – food delivery, dining-out, and Hyper pure
- Invest in new products and technologies
- Continue to build a strong consumer brand recognized across India
Zomato IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Strong network effects are driven by their unique content and transaction flywheels
- Their widespread and efficient on-demand hyperlocal delivery network
- Their technology and product-first approach to business; and
- Their strong consumer brand is recognized across the length and breadth of India.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | (1.51) | (10.04%) | 15.09 |
| 31-Mar-20 | (5.42) | (113.64%) | – |
| Mar-19 | (2.57) | (37.16%) | – |
Zomato IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| Zomato Limited | 1 | [●] | |||
| Listed Peers | |||||
| – |
Zomato IPO Lead Managers
| Lead Managers |
|
Kotak Mahindra Capital Company Limited Morgan Stanley India Company Private Limited Credit Suisse Securities (India) Private Limited BofA Securities India Limited Citigroup Global Markets India Private Limited |
Zomato IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 247 Park, 1st Floor L.B.S. Marg, Vikhroli West Mumbai 400 083 Tel: +91 22 4918 6200 E-mail: zomato.ipo@linkintime.co.in Investor Grievance e-mail: zomato.ipo@linkintime.co.in Website: www.linkintime.co.in SEBI Registration No.: INR000004058 |
Zomato IPO – Other Details
- Statutory Auditor – Deloitte Haskins & Sells, Chartered Accountants
- Legal Counsel to the Company – Cyril Amarchand Mangaldas
- Bankers to the Company – NA
Zomato IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Zomato Limited IPO News
News 1 – Zomato Limited IPO DRHP Download
News 2 – Zomato IPO RHP Download
Zomato IPO Review FAQs
What is the Issue Size of Zomato IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Zomato IPO?
The price band for this particular IPO, i.e. Zomato IPO ranges between Rs.72 to Rs. 76. As far as the face value of the share is of concern, it is Rs.1 per share.
What is the Zomato IPO Open Date?
The opening and closing dates for Zomato IPO have been updated. The IPO is set to open on Jul 14, 2021, while the closing date is set at Jul 16, 2021.
What is the Zomato IPO Allotment Date?
They also have the news regarding the respective allotment dates of Zomato IPO. Basis of Allotment finalization is on Jul 22, 2021, refund initiation is on Jul 23, 2021, credit of shares is on Jul 26, 2021, and share listing date is on Jul 27, 2021.
What is the Zomato IPO Listing Date?
Shares of Zomato shall be listed in the exchanges on Jul 27, 2021. The date, when the listing would be done, is stagnant on Jul 27, 2021.
Who is the Registrar of Zomato IPO?
One of the reputed registrars is managing the issue of Zomato IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Zomato IPO?
Here are the promoters of Zomato – PROFESSIONALLY MANAGED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Zomato IPO?
They have obtained the GMP of Zomato IPO and it is Rs 25. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Zomato IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Zomato Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is (8,164.28), 2020 is (23,856.01), 2019 is (10,105.14).
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