Zomato was incorporated on January 18, 2010 as “DC Foodiebay Online Services Private Limited”. The company's platform connects customers, resta ura nt partners and delivery partners, serving their multiple needs. Customers use the 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.
| Bidding Dates |
|---|
| 14 Jul 2021 - 16 Jul 2021 |
| Subscription |
|---|
| 38.25x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,820 | 1 | 13 | 195 | 1233.6 M | ₹72 - ₹76 | 84.28 % | ₹88815.8 M - ₹93750.0 M | RHP DOC |
Zomato IPO SUBSCRIPTION STATUS
16 Jul '21Zomato IPO overall subscription rate was 38.25 times the total available shares
Zomato IPO retail subscription rate was 7.45 times in the retail segment
Zomato IPO non-institutional investor subscription rate was 32.96 times in the non-institutional investor category
Zomato IPO Qualified Institutional Bidder subscription rate was 51.79 times the available shares for Qualified Institutional Bidder
Zomato IPO Employees subscription rate was 0.62 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 10% | 15% | 75% | - |
16 Jul 2021 (Day 3) | 7.45x | 32.96x | 51.79x | 0.62x |
15 Jul 2021 (Day 2) | 4.73x | 0.45x | 7.07x | 0.36x |
14 Jul 2021 (Day 1) | 2.7x | 0.13x | 0.98x | 0.18x |
Zomato FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY21 | -8,164.3 | 19,937.9 | -10,179.3 | -10,227.2 |
| FY20 | -23,856.0 | 19,937.9 | -21,436.3 | -21,648.9 |
| FY19 | -10,105.1 | 13,125.9 | -17,429.5 | -17,879.9 |
Zomato IPO SUBSCRIPTION STATUS DETAILS
Zomato had 1233.6 M shares on offer
Zomato IPO offer price was in the range ₹72 - ₹76
Zomato IPO minimum Investment was ₹14820
Zomato IPO issue size was ₹ 88815.8 M - ₹ 93750.0 M
Zomato had a minimum lot size of 195 Shares per application
Zomato NUMBER OF SHARES ON OFFER
Zomato IPO IMPORTANT DATES
| Issue Open Date | 14 Jul 2021 |
| Issue close Date | 16 Jul 2021 |
| Allotment Date | 22 Jul 2021 |
| Refund Date | 23 Jul 2021 |
| Demat Account Credit Date | 23 Jul 2021 |
| Listing Date | 23 Jul 2021 |
| Listing on Exchange(s) | NSE and BSE |
| Zomato Allotment Status | Exchange |
Zomato IPO subscription opened on 14 Jul 2021, and closed on 16 Jul 2021
IPO allotment for Zomato was finalized on Thursday, 22 Jul 2021
IPO listing for Zomato was on NSE and BSE on Friday, 23 Jul 2021
Zomato IPO LISTING GAINS
| Issue Price (adjusted) | 76.0 |
| Listing Open Price | 115.0 |
| Listing Close Price | 125.8 |
| Listing Gain% | 51.3% |
| Current Gain% | 318.4% |
Zomato Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Eternal Ltd. | 318 | 249476.7 | 708.7 | 15.8 | 4.6 | 1.2 | 0.9 | 55760 | 161.5 | 366 | -30.6 | 0.4 | 44.8 |
| FSN E-Commerce Ventures Ltd. | 325 | 93083.7 | 363.4 | 1.6 | 8.7 | 13.9 | 4.3 | 10055.1 | 26.1 | 199.4 | 201.8 | 0.9 | 221.1 |
| Info Edge (India) Ltd. | 1360 | 88185.2 | 55.1 | 1 | 26.1 | 3.8 | 3 | 4343.3 | 10.7 | 1449.8 | 50.7 | 24.7 | 56 |
| Meesho Ltd. | 190.4 | 88037.4 | -73.3 | 6.4 | -31 | -17.2 | 13099.1 | 32.3 | -1357.7 | 65.6 | -2.6 | ||
| Swiggy Ltd. | 280.5 | 77426.8 | -20.7 | 16.9 | 3.1 | -22.7 | -16.4 | 23561 | 50.8 | -4154 | -33.3 | -13.6 | -1.2 |
| CarTrade Tech Ltd. | 2763.6 | 13406.8 | 57.9 | 1.2 | 16.6 | 9 | 7.4 | 869.8 | 22.3 | 223 | 65.6 | 47.7 | 49 |
Zomato IPO Reports
Zomato INFORMATION ON IPO ISSUE
About Zomato
Zomato was incorporated on January 18, 2010 as “DC Foodiebay Online Services Private Limited”. The company's platform connects customers, resta ura nt partners and delivery partners, serving their multiple needs. Customers use the 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.
Object of the Issue
1. Funding organic and inorganic growth initiatives.
2. Meet general corporate purposes.
Zomato Book Running Lead Managers
Kotak Mahindra Capital Company Limited
zomato.ipo@kotak.com
Morgan Stanley India Company Private Limited
zomatoipo@morganstanley.com
Zomato Registrar to the Offer
Credit Suisse Securities (India) Private Limited
list.zomatoipo@credit-suisse.com
Zomato Strengths
Leading Food Service Delivery
The company is among the leading Food Service Delivery platforms
Brand value
The company has recognized consumer brand equity across India.
Delivery network
Widespread and efficient on-demand hyperlocal delivery network
Restaurant connection
A strong network of 131,233 restaurants and 161,637 delivery partners
Zomato Risks
History of loses
The company has a history of net losses and anticipates increased expenses in the future.
Dependent on restaurant partners
Significantly depended on restaurant partners, customers or delivery partners
Intense competition
The company faces intense competition in food delivery and other business
IPO FAQs
This IPO consists of an offer for sale of up to Rs 375.0 crore, of 49,342,105 shares. It also consists of a fresh issue of Rs 9,000.0 crore.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 72.0 - 76.0.
The IPO application opens on Jul 14, 2021 and closes on Jul 16, 2021.
The minimum lot size for the IPO is 195. The maximum lot size for the IPO is 2535.
For all category investors, the minimum application amount for this IPO is Rs. 14,820.0, the maximum value for this IPO is Rs 192,660.0.
This IPO will be allotted on Jul 22, 2021.
The refund will be credited to your account on Jul 23, 2021.
The allotted shares will be credited to your demat on Jul 23, 2021.
Zomato Ltd.’s shares listed on the stock exchanges on Jul 23, 2021.