Zomato Delivery boy. (Express Photo by Amit Chakravarty)Zomato IPO Live Updates: Online meals supply platform Zomato is ready to launch its preliminary public providing (IPO) on Wednesday, July 14, 2021. The IPO might be obtainable for subscription until Friday, July 16, 2021. The value band of Zomato IPO is fastened at Rs 72-76 per share of the face worth of Rs 1 every and the corporate goals to lift Rs 9,375 crore by way of the provide.
The IPO includes a contemporary problem of fairness shares price Rs 9,000 crore and a proposal on the market (OFS) price Rs 375 crore by current investor Info Edge (India), which is the mum or dad firm of Naukri.com, based on the data supplied within the crimson herring prospectus.
Ahead of the IPO, the anchor portion of the provide might be open in the present day, July 13, 2021. The firm is more likely to inform the inventory exchanges in regards to the anchor portion by the top of the day.
Live BlogFollow this house for all LIVE Updates on Zomato IPO: Zomato IPO: The proceeds from the contemporary problem might be used in the direction of funding natural and inorganic development initiatives and for normal company functions, based on the data within the crimson herring prospectus of Zomato.
Zomato had filed preliminary papers with the market regulator in April this 12 months and obtained the approval final week to drift the IPO. Sebi’s commentary may be very essential for any firm to launch any public problem equivalent to IPO, comply with on public provide (FPO) and rights problem.
Shares of Zomato might be listed on each BSE and NSE.
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