InvestorQ : With the Zomato IPO approval through, when can we expect the Zomato IPO?
Anamika Sodhani made post

With the Zomato IPO approval through, when can we expect the Zomato IPO?

Answer
image
Angel dcosta answered.
4 months ago
Follow

SEBI has finally granted approval for Zomato’s Rs.7,875 crore IPO. The actual IPO is scheduled as early as the month of July itself, so you could see the IPO hitting the market in the third or fourth week of July, subject to completion of other formalities. You would recollect that Zomato had filed its offer document with Sebi on 28 April. The company is likely to be valued at $8.5 billion or close to Rs.60,000 crore post issue.

The IPO will consist of a fresh issue of Rs.7,500 crore while Info Edge will offload shares worth Rs.375 crore. Originally, Zomato was supposed to hive of Rs.750 crore of shares, which they decided to halve later. Zomato has the backing of Ant Group of China with Info Edge holding 18.55% stake. Roadshows in the global markets have already kicked off in key global markets.
0 Views