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.
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.
The company has reported losses for the last three fiscal years. For the nine month period ending December 31, 2020, the company reported a loss of Rs 6,82.20 crore. Before that, for fiscal year 2020, 2019 and 2018, the company has reported losses of 2,385.60 crore, Rs 1,010.23 crore and Rs 106.91 crore, respectively, as per draft papers.
Kotak Mahindra Capital Company, Morgan Stanley, Credit Suisse are global co-ordinators and book running lead managers. BoFA Securities and Citigroup Global Markets are other BRLMs. Link Intime is the registrar of the issue.