Zomato is set to launch its initial public offering in the upcoming weeks. The food delivery startup has filed preliminary papers with market regulator Securities and Exchange Board of India (SEBI) regarding its IPO. Zomato has filed the draft red herring prospectus for a $1.1 billion initial public offering
Key things to know about Zomato IPO:
The startup would be offering equity shares amounting to Rs 8,250 crore. Out of the equity shares on offer, a fresh issue of Rs 7,500 crore would be launched. The offer for sale would comprise of shares amounting to Rs 750 crores.
Info Edge, the biggest backer of the company holds a stake of 18 percent in the food-delivery startup. Info Edge informed Sebi that its Board of Directors approved the participation in the Zomato offer for sale. Info Edge Ltd, which is the parent firm of Naukri.com, would be selling worth Rs 7.5 billion through the IPO.