Zomato files preliminary papers with SEBI to raise Rs 8,250 crore via IPO
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Ant Group-backed online food ordering platform Zomato has filed preliminary papers with capital market regulator SEBI to raise Rs 8,250 crore through an initial share-sale at a time when the demand for its services is growing due to COVID-19 pandemic-related restrictions.
Draft red herring prospectus (DRHP) filed with Securities and Exchange Board of India (SEBI) showed that the initial public offer (IPO) comprises fresh issue of equity shares worth Rs 7,500 crore and offer for sale to the tune of Rs 750 crore by Info Edge (India). Proceeds from the fresh issue would be used towards funding organic and inorganic growth initiatives; and general corporate purposes.
Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited and Credit Suisse Securities (India) Private Limited are the global coordinator and book running lead manager to the issue. BofA Securities India Limited and Citigroup Global Markets India Private Limited have been appointed as merchant bankers to the public issue. The equity shares of the company will be listed on BSE and NSE.
