Three things to know for Teji Mandi investors on April 28, 2021
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Zomato s Zooming Valuations
Food delivery platform Zomato has filed its Draft Red Herring Prospectus (DRHP) with SEBI. With this, it is all set to launch one of the most anticipated IPOs in recent times.
Zomato is looking to raise up to Rs 8,250 crore through this IPO. There will be a fresh issue of Rs 7,500 crore, and an offer for sale of Rs 750 crore for existing investor Info Edge.
Zomato s valuations have soared in the last 3 years. In February 2021, the company was valued at $5.4 billion, up from $1bn from back in Feb 2018.
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Zomato IPO: Food delivery platform files draft offer document with SEBI for Rs 8,250 cr IPO
Restaurant aggregator and food delivery company Zomato has filed its draft red herring prospectus (DRHP) for an initial public offering of Rs 8,250 crore. It filed the draft with market regulator Securities and Exchange Board of India (SEBI).
According to reports, the company will issue a fresh equity shares worth Rs 7,500 crore. Info Edge India Ltd, the largest shareholder in the company, will seel its stake worth Rs 750 crore. Info Edge is the largest shareholder and controls 18.5 per cent in Zomato.
Zomato files DHRP for ₹8,250 crore IPO
April 28, 2021
Of this, ₹7,500 crore will be fresh equity shares Online food delivery platform Zomato has filed its DHRP (Draft Red Herring Prospectus) with SEBI today.
As per the filing, Zomato will offer equity shares amounting to ₹8,250 crore, of which ₹7,500 crore will be fresh equity shares and ₹750 crore will be on sale from its investor Info Edge India Limited, which will be selling its stake in Zomato.
On April 27, Info Edge India had said that it will sell shares amounting to ₹750 crore in the Zomato IPO.
Info Edge is the largest shareholder and controls 18.5 per cent in the company, followed by Uber B.V. holding 9.13 per cent, with Alipay Singapore Holding Pte. Ltd and Antfin Singapore Holding Pte. Ltd holding close to 8.33 per cent and 8.22 per cent in the company respectively.
Zomato IPO: Info Edge to sell stake worth Rs 750 Cr
In a regulatory filing, Info Edge said online food delivery platform Zomato is proposing an IPO of its equity shares, comprising a fresh issue of equity shares by Zomato Ltd and an offer for sale by Info Edge (India) Ltd.
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Info Edge on Tuesday said it would sell stake worth Rs 750 crore in the initial public offering (IPO) of its
investee company Zomato.
In a regulatory filing, Info Edge said
Zomato, an online food delivery platform, was proposing an IPO of its equity shares, comprising a fresh issue of equity shares by Zomato Ltd and an offer for sale by Info Edge (India) Ltd.
: Wednesday, April 28, 2021, 11:11 AM IST
Zomato files for Rs 8,250 crore IPO; Info Edge to sell stake worth Rs 750 cr
Zomato IPO
Zomato, the online food delivery platform, has filed for an Initial Public Offering of up to Rs 8,250 crore as as consumers increasingly turn to ordering food online during the COVID-19 pandemic. Draft papers submitted to the market regulator showed,
Reuters said in a report.
In a regulatory filing, Info Edge said, The Board of Directors of the Company today considered and have given their approval to the company to participate in the said Offer for Sale of up to such number of shares of Zomato Ltd as would aggregate up to Rs 7,500 million., it added.