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Zomato may advance IPO
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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.
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Zomato could bring forward IPO to July 14
Why? The company and its bankers want the launch to happen as quickly as possible, amid scepticism over the continuing strength of the recent market rally.
NEW DELHI: Zomato s Rs 9,375 crore initial public offering (IPO) will hit the market on July 14. This would be the second-biggest IPO since SBI Cards and Payment Services’ Rs 10,341 crore issue in March 2020.
Calendar 2017 s Rs 11,370 crore offering by General Insurance Corporation of India s IPO and the Rs 9,600 crore issue by New India Assurance were some of the mega IPOs of recent years, with the Rs 15,475 crore Coal India issue in 2010 still being the chart topper as the biggest ever.
Here are key things you should know about the Zomato IPO.
When will the Zomato IPO open for subscription?
Zomato IPO will open for subscription on Wednesday, July 14, and will close on Friday, July 16.
zomato IPO: Zomato IPO likely to hit market on July 19 indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Exclusive Zomato IPO details
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The
Zomato IPO, which received approval from Sebi last week, is expected to open for subscription in less than two weeks, sources told us. Paytm, meanwhile, will probably file its draft IPO papers soon after its extraordinary general meeting on July 12. Read on for more exclusive details on the two long-awaited IPOs.
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Zomato IPO likely to hit market on July 19
Zomato’s much-awaited initial public offer (IPO) is expected to open for subscription on July 19 at a price band of Rs 70-72 per share, people with direct knowledge of the development told us.