The most awaited IPO and a go to platform to satisfy our cravings, and India’s most valuable food delivery company. This is one of the most anticipated IPO of the calendar year and the largest in over a year.
Company Background
Zomato launched in 2010, companies technology platform connects customers, restaurant partners and delivery partners, serving their multiple needs. For over a decade now, the company has been empowering the users in discovering new tastes and experiences across countries. By putting together meticulous information for the users, they enable them to make an informed choice.
Business Information
Customers use their platform to search and discover restaurants, read and write customer generated reviews and view and upload photos, order food delivery, book a table and make payments while dining-out at restaurants. On the other hand, the company provide restaurant partners with industry-specific marketing tools which enable them to engage and acquire customers to grow their business while also providing a reliable and efficient last mile delivery service. The company also operate a one-stop procurement solution, Hyperpure, which supplies high quality ingredients and kitchen products to restaurant partners. The company also provide their delivery partners with transparent and flexible earning opportunities.
Facts about the company
The company's biggest source of income is from commissions - both from listing restaurants on its feed + for food delivery services.
Other sources of income include subscription services (Zomato Gold), live events and consultancy services for restaurants.
The company's biggest cost factors are “outsourced support costs” (which include availability fees paid to delivery partners as well as support expenses such as costs related to call centers), advertisement and business promotion, and employee benefit expenditures.
Points to note before investing in Zomato IPO
Zomato is not an EBITDA-generating company (earnings before interest, taxes, depreciation, and amortization)
Among the leading Food Service Delivery platforms
Recognized consumer brand equity across India
Widespread and efficient on-demand hyperlocal delivery network
A strong network of 131,233 restaurants and 161,637 delivery partners
Zomato’s listing also comes on the heels of a red-hot period for the Indian Start-Up sector
IPO Opening Date
| July 14, 2021
|
IPO Closing Date
| July 16, 2021
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Issue Type
| Book Built Issue IPO
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Face Value
| ₹1 per equity share
|
IPO Price
| ₹72 to ₹76 per equity share
|
Market Lot
| 195 Shares
|
Min Order Quantity
| 195 Shares
|
Listing At
| BSE, NSE
|
Allotment , Listing and Refunds details
Basis of Allotment Date
| Jul 22, 2021
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Initiation of Refunds
| Jul 23, 2021
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Credit of Shares to Demat Account
| Jul 26, 2021
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IPO Listing Date
| Jul 27, 2021
|
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