Bookbuilding IPO | ₹9,375 Cr | Listed at BSE, NSE | Wed, Jul 14, 2021 - Fri, Jul 16, 2021
Zomato IPO is a book build issue of ₹9,375.00 crores. The issue is a combination of fresh issue of 118.42 crore shares aggregating to ₹9,000.00 crores and offer for sale of 4.93 crore shares aggregating to ₹375.00 crores.
Zomato IPO bidding started from Jul 14, 2021 and ended on Jul 16, 2021. The allotment for Zomato IPO was finalized on Jul 22, 2021. The shares got listed on BSE, NSE on Jul 23, 2021.
Zomato IPO price band is set at ₹76 per share. The lot size for an application is 195. The minimum amount of investment required by an retail is ₹14,820 (195 shares) (based on upper price). The lot size investment for sNII is 14 lots (2,730 shares), amounting to ₹2,07,480, and for bNII, it is 68 lots (13,260 shares), amounting to ₹10,07,760.
The issue includes a reservation of up to 65,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
BOFA Securities India Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Zomato IPO RHP for detailed Information.
IPO Open
Wed, Jul 14, 2021
IPO Close
Fri, Jul 16, 2021
Issue Price
₹76 per share
Market Cap (Pre-IPO)
₹59,623.37 Cr
| IPO Date | 14 to 16 Jul, 2021 |
| Listed on | Fri, Jul 23, 2021 |
| Face Value | ₹1 per share |
| Price Band | ₹72 to ₹76 |
| Issue Price | ₹76 per share |
| Lot Size | 195 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,23,35,52,631 shares (agg. up to ₹9,375 Cr) |
| Fresh Issue | 1,18,42,10,526 shares (agg. up to ₹9,000 Cr) |
| Offer for Sale | 4,93,42,105 shares of ₹1 (agg. up to ₹375 Cr) |
| Share Holding Pre Issue | 6,66,09,69,150 shares |
| Share Holding Post Issue | 7,84,51,79,676 shares |
| BSE Script Code / NSE Symbol | 543320 / ETERNAL |
| ISIN | INE758T01015 |
Zomato IPO comprises a total issue size of 1,23,35,52,631 shares. The net offer to the public is 1,22,70,52,631 shares, after excluding 65,00,000 shares under a preferential allotment. Of the Net offer 92,02,89,474 (75.00%) are allocated to QIB, 18,40,57,894 (15.00%) allocated to NII 12,27,05,263 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 92,02,89,474 | 75.00% | 74.60% | NA |
| − Anchor Investor Shares Offered | 55,21,73,505 | 44.76% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 36,81,15,969 | 29.84% | NA | |
| NII (HNI) Shares Offered | 18,40,57,894 | 15.00% | 14.92% | NA |
| Retail Shares Offered | 12,27,05,263 | 10.00% | 9.95% | 6,29,257 |
| Preferential Reservations | ||||
| Employee Shares Offered | 65,00,000 | 0.53% | NA | |
| Total Shares Offered | 1,23,35,52,631 | 100.00% | 100.00% | |
Investors can bid for a minimum of 195 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 195 | ₹14,820 |
| Retail (Max) | 13 | 2,535 | ₹1,92,660 |
| S-HNI (Min) | 14 | 2,730 | ₹2,07,480 |
| S-HNI (Max) | 67 | 13,065 | ₹9,92,940 |
| B-HNI (Min) | 68 | 13,260 | ₹10,07,760 |
Zomato IPO raises ₹4,196.52 crore from anchor investors. Zomato IPO Anchor bid date is July 13, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jul 13, 2021 |
| Shares Offered | 55,21,73,505 |
| Anchor Portion (₹ Cr.) | 4,196.52 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Aug 21, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Oct 20, 2021 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2010, Zomato Limited is one of the leading online Food Service platforms in terms of the value of food sold as of Dec 31, 2020. Its B2C offerings include food delivery and dining-out services where customers can search and discover restaurants, order food delivery, book a table, and make payments for dining out at restaurants while under the B2B segment, it generates revenue from Hyperpure (supply of high-quality ingredients and kitchen products to restaurants) and Zomato Pro, customer loyalty program.
As of December 31, 2020, Zomato has established a strong footprint across 23 countries with 131,233 active food delivery restaurants, 161,637 active delivery partners, and an average monthly food order of 10.7 million customers.
Competitive Strengths
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding organic and inorganic growth initiatives | 6,750.00 |
| 2 | General corporate purposes | 1,978.00 |
The Zomato IPO is subscribed 38.25 times on July 16, 2021 5:01:00 PM (Day 3). The public issue subscribed 7.45 times in the retail category, 51.79 times in the QIB category, and 32.96 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 51.79 | 38,88,37,690 | 20,13,78,57,285 |
| NII | 32.96 | 19,43,37,499 | 6,40,56,23,250 |
| Retail | 7.45 | 12,95,58,333 | 96,52,46,490 |
| Employee | 0.62 | 65,00,000 | 40,50,345 |
| Total | 38.25 | 71,92,33,522 | 27,51,27,77,370 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Managers’ fees | 229.14 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 13.62 |
| 3 | Fees payable to the Registrar to the Offer | |
| 4 | Fees payable to the other advisors to the Offer | 11.02 |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses | 18.50 |
| 6 | Printing and stationery expenses, advertising and marketing expenses for the Offer and fees payable to the legal counsels | 9.06 |
| 7 | Miscellaneous | 2.85 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹76.00 |
| Open | ₹115.00 |
| Low | ₹114.00 |
| High | ₹138.00 |
| Last Trade | ₹125.85 |
Lead Manager Reports
Zomato IPO is a main-board IPO of 1,23,35,52,631 equity shares of the face value of ₹1 aggregating up to ₹9,375 Crores. The issue is priced at ₹76 per share. The minimum order quantity is 195.
The IPO opens on Wed, Jul 14, 2021, and closes on Fri, Jul 16, 2021.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Zomato IPO using UPI as a payment gateway. Zerodha customers can apply in Zomato IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Zomato IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Zomato IPO opens on Wed, Jul 14, 2021 and closes on Fri, Jul 16, 2021.
Zomato IPO lot size is 195, and the minimum amount required for application is ₹14,820.
You can apply in Zomato IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Zomato IPO will be done on Thursday, July 22, 2021, and the allotted shares will be credited to your demat account by Fri, Jul 23, 2021. Check the Zomato IPO allotment status.
The Zomato IPO listing date is on Fri, Jul 23, 2021.
