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New Delhi– Zomato Ltd will open its Initial Public Offering (IPO) on July 14, and will close it on July 16. A company statement said that the price band of the offer has been fixed at Rs 72 to Rs 76 per equity share. Bids can be made for a minimum of 195 equity shares and in multiples of 195 equity shares thereafter. The IPO consists of fresh issue aggregating up to Rs 9,000 crore (fresh issue) and an offer for sale by Info Edge (India) Ltd aggregating up to Rs 375 crore (offer for sale). Th...

Post IPO, Zomato  could become India’s 78th most valuable firm by market capitalisation Photo: Ramesh Pathania/Mint July 9, 2021 Zomato Ltd’s much-awaited initial share sale could propel the 13-year-old food delivery firm into the ranks of India’s 80 most valuable companies. At ₹76 per share, the upper end of the price band of ₹72-76 announced on Thursday by Zomato, the country’s largest food delivery platform will have a post-money valuation of ₹59,623 crore, giving it the 7...

BENGALURU, India: Indian food delivery company Zomato’s initial public offering (IPO) is priced at 72 to 76 rupees per share, giving it a valuation of as much as $7.98 billion, the company said on Thursday, as it cashes in on a pandemic-led surge in online ordering. Zomato, backed by China’s Ant Group and one of India’s most prominent startups, said its offer will include a fresh issue of shares worth up to 90 billion rupees and a share sale worth up to 3.75 billion rupees by top shareho...

Zomatos IPO is expected to be a winning bet for the companys private equity investors and early backers. Bonds rally after the Reserve Bank of India indicates that its accommodative policies would continue. Here are the top headlines at this hour. Zomatos Rs 9,375-crore IPO to bring bonanza for Info Edge, Sequoia, Goyal Zomato’s much-awaited initial public offering (IPO) has turned out to be a major winning bet for several private equity (PE) investors and early backers of the online food ...

Zomatos road to recovery Want this newsletter delievered to your inbox? SUBSCRIBE Thank you for subscribing to Morning Dispatch Well soon meet in your inbox. / Morning Dispatch Zomato’s food delivery business has been recovering well since the pandemic-induced lull last year, the company’s chief financial officer Akshant Goyal said while announcing the company’s initial public offering (IPO) yesterday. Goyal and Zomato cofounder Gaurav Gupta later spoke to ET on a variety of topics, inc...

“Food delivery business was hit in the first wave of Covid due to fear of virus and surface transmission. The fear of surface transmission has gone away and we have delivered crores of orders in the last 18 months without even a single case of transmission through food delivery,” said chief financial officer Akshant Goyal. The company’s average order value (AOV) has been steadily increasing – even through the pandemic. It touched Rs 395 in the fourth quarter of the last fiscal, from Rs...

Zomato IPO: Subscription opens on July 14, Check price band, listing date and GMP Zomato IPO: Food delivery platform Zomatos initial public offer (IPO) will open for retail subscription on July 14.  The Zomato IPO market lot size is 195 shares. The company has set the offer price for its IPO at Rs 72-76 per equity share. A retail-individual investor can apply for up to 13 lots (2535 shares or Rs 1,92,660). The public issue will close on July 16. Zomato said that the basis of allotment of IPO...

Zomato may advance IPO SUBSCRIBE Thank you for subscribing to Morning Dispatch Well soon meet in your inbox. / Morning Dispatch Zomato, which was earlier expected to launch its initial public offer on July 19, may now do so five days sooner. Find out why the food delivery company is in a tearing hurry to go public. Also in this letter: Indias SaaS sector could hit $1 trillion by 2030 PayPal Ventures leads $41 million funding in Shiprocket Zomato could bring forward IPO to July 14 Why? The com...

MUMBAI: The much talked about initial public offering (IPO) for food delivery major Zomato is set to open on July 14 and close on July 16. Under Sebi rules, the stock will be listed before the end of the current month, most likely by July 27, market sources said. The shares of the company are being offered at a price band of Rs 72-76 each, BSE disclosures showed. The app-based food delivery major, in which listed technology company Info Edge holds a substantial stake, aims to raise about Rs 9,...

LIVE BLOG Economic Times | 08 Jul, 2021 | 08.11PM IST Nifty forms a bearish candle on daily chart. What does it signal for tomorrows trade? Sinking Dow futures spooked investors on Dalal Street as benchmark indices took a dive on Thursday afternoon. Volatility index also surged, signalling nervousness on F&O weekly expiry. All sectors were trading in the red. Metals, IT and banks were the biggest drag on indices. Broader market also took a hit even though some smallcap stocks showed resilience...