About Zomato

Zomato is among the leading online food services platforms. It is listed as an online market aggregator that connects customers to a partnered chain of local restaurants. Its B2C model has achieved success in both food delivery and dining-out segments.

Zomato generates revenue from Zomato Pro, a customer loyalty program, and Hyperpure, which is involved with the supply of kitchen products and quality ingredients to restaurants. The company’s efficient on-time delivery network and robust 161635+ delivery partners favour its brand image.

IPO Objective

The primary objective of the Zomato IPO is to-

- Fund organic and inorganic growth prospects

- Account for miscellaneous corporate purpose

Apply for Zomato IPO
Apply for Zomato IPO

Offer Details

The issue size of Zomato IPO amounts to Rs. 9375 crores. The new issue of this IPO amounts to Rs. 9000 crores whereas the Offer for Sale is set at Rs. 375 crores. Other major Zomato IPO details are presented in the table below

Opening Date

July 14, 2021

Closing Date

July 16, 2021

Price Band

₹72 to ₹76

per equity share

Issue Size

₹ 9,375 Cr

Face Value

₹1

per equity share

Market Lot

195 Shares

Opening Date

July 14, 2021

Closing Date

July 16, 2021

Price Band

₹72 to ₹76

per equity share

Issue Size

₹ 9,375 Cr

Face Value

₹1

per equity share

Market Lot

195 Shares

Listing at NSE, BSE

IPO timeline

IPO Open Date 14-Jul-21
IPO Close Date 16-Jul-21
Basis Of Allotment Date 22-Jul-21
Initiation Of Refunds 23-Jul-21
Credit Of Shares To
Demat ACcount		 23-Jul-21
IPO Listing Date 23-Jul-21
UPI Mandate Expiry Date 2-Aug-21

Per official report, Zomato IPO will adhere to the following timetable

Note: Investors not allotted or partially allotted Zomato IPO shares will receive the unutilised blocked amount on or before the UPI mandate date.

Zomato IPO - Debut Performance

Zomato shares opened to much fanfare on the bourses on 23 July, reporting gains to the tune of 66% to end at Rs. 126 on the NSE. Its market capitalisation breached the Rs. 1 lakh crore-mark to reach an intraday high but finally closed at Rs. 98211 crores. It hit the upper circuit of 20% on opening at Rs. 138 apiece, nearly doubling from its final offer price of Rs. 76.

On the other hand, the food tech behemoth’s shares ended at Rs. 125.85 on the BSE, closing at 65% higher than the final offer price. After it was subscribed 38.25 times, experts pegged Zomato stock to register at least a 15% premium. Evidently, it surpassed the expectations well and beyond but it remains to be seen whether or not the bullish sentiments will sustain.

Why should you invest in Zomato IPO?

The pandemic-induced restrictions have prompted an unprecedented shift in consumer preferences, with many falling in the habit of food delivery. In conjunction with work from home policies becoming the norm, the food delivery behemoth can be a good play as far as estimable trends are concerned.

Thus, investors are likely to experience significant upward mobility with one of India’s first unicorn’s stocks. So, why should you not?

Financial highlights

Financial year Total Revenue Total Assets Profit after tax
March 31 2019 Rs 13,977.17 million Rs 34,134.05 million Rs 10,105.14 million
March 31 2020 Rs 27,427.39 million Rs 29003.82 million Rs 23,856.01 million
March 31 2021 Rs 21,184.24 million Rs 87,035.43 million Rs 8,164.28 million