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New Delhi– Zomato Ltd will open its Initial Public Offering (IPO) on July 14, and will close it on July 16. A company statement said that the price band of the offer has been fixed at Rs 72 to Rs 76 per equity share. Bids can be made for a minimum of 195 equity shares and in multiples of 195 equity shares thereafter. The IPO consists of fresh issue aggregating up to Rs 9,000 crore (fresh issue) and an offer for sale by Info Edge (India) Ltd aggregating up to Rs 375 crore (offer for sale). This offer includes a reservation of up to 65 lakh equity shares for purchase by eligible employees, on a proportionate basis and such portion not exceeding 5 per cent of the post offer equity share capital of the company.

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