MUMBAI: The much talked about initial public offering (IPO) for food delivery major Zomato is set to open on July 14 and close on July 16. Under Sebi rules, the stock will be listed before the end of the current month, most likely by July 27, market sources said. The shares of the company are being offered at a price band of Rs 72-76 each, BSE disclosures showed.
The app-based food delivery major, in which listed technology company Info Edge holds a substantial stake, aims to raise about Rs 9,375 crore. Of the total issue size, shares worth about Rs 375 crore are in an offer for sale by the tech entity.