Food delivery giant Zomato to launch its mega IPO worth 9375 Crores

2021 has certainly been a year of IPOs. Every month we are witnessing some action-packed IPOs from leading companies. IPOs are amongst the most lucrative options for investors because they allow them to acquire the shares of a company at their true price.

After the IPOs of GR InfraProjects and Clear Science Technology, another IPO which is soon going to hit the markets is from the food delivery giant – Zomato. Zomato is a subsidiary of Indo Edge Indian Limited which is already a publicly listed company.

The issue will be open for bidding from 14th July to 16th July and aims to raise 9375 Crore from public investors. The issue will include an Offer for Sale (OFS) of Rs 375 Crores and a fresh issue of Rs 9000 Crores. The price band for the issue is fixed at Rs 72-76 per share with a lot size of 195 shares. This IPO will be the second largest IPO in India after SBI cards IPO which raised over 10,000 Crores.

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