Synopsis
It is expected to be one of the largest initial public offerings ever for an Internet startup in India
ETtech
Illustration: Rahul Awasthi
Eleven years after it was founded, online food ordering and restaurant discovery platform Zomato took a big step toward a public listing on Wednesday.
It is expected to be one of the largest initial public offerings ever for an Internet startup in India.
A DRHP is a publicly available document of a company that is planning to raise money from the public which it files with the market regulator. It outlines critical information and details about its business operations and financials. This includes details about its promoters, reason for raising money, how the money will be used, risks involved with investing in the company, and so on.
Synopsis
Zomato’s IPO is one of the most awaited in recent capital market history given that it will be among the first technology unicorns to be listed in India.
Info Edge holds around 19 per cent stake in Zomato after the company s recent fund raising. Other major shareholders are Sequoia Capital, VY Investment and Deepinder Goyal.
NEW DELHI: Food delivery services provider Zomato has filed a draft red herring prospectus (DRHP) for its upcoming initial public offering (IPO). The company and its shareholders plan to raise Rs 8,250 crore from primary markets.
The offer comprises a fresh issue of Rs 7,500 crore and an offer for sale by Info Edge worth Rs 750 crore. The company said it may allocate shares of Rs 1,500 crore via pre-placement mode to institutional investors.
In a draft red herring prospectus (DRHP) filed with the market regulator, Zomato said it aims to raise Rs 8,250 crore in capital by offering the company s equity shares for sale.Of t
As D-Street speculates on Zomato IPO price, Info Edge awaits windfall
With the last round of funding, Zomato was valued at close to $5.4 billion, and that pegs the per share valuation at Rs 55-60.
Synopsis
Info Edge, which will be selling shares worth Rs 750 crore through the IPO, stands to make windfall gains. The company was one of the early investors in the startup, and it currently owns 1,244,029,200 shares in Zomato, DRHP said.
NEW DELHI: After a long wait, Zomato finally filed draft papers with market regulator Sebi for the much-anticipated initial public offering (IPO). It will be among the first technology unicorns to be listed in India, and is likely to trigger many more such listings.
In a draft red herring prospectus (DRHP) filed with the market regulator, Zomato said it aims to raise Rs 8,250 crore in capital by offering the company s equity shares for sale.Of t