The Zomato IPO: The Doorstep Food Distribution Platform has received approval from market regulator Sebi to bring in an initial public offering (IPO), bringing the company to Rs 8,250 crore. According to Draft Red Herring Prospectus, new shares worth Rs 7,500 crore will be issued under the IPO while Info Edge (India) Limited will offer a sale offer of Rs 750 crore. If you are planning to invest in it, then learn the important things-
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1- According to an Economic Times report, the IPO of Oma Tomato could hit the market on July 19. The company can set prices between Rs 70-72.
2- Information Edge has reduced its contribution size from Rs 750 crore to Rs 350 crore.
3- Zomato intends to use the proceeds from the IPO for its growth and acquisition.
4- Many large asset management firms and current investors can take on the role of TeamSec Anchor investors.
5- The company is Information Edge (18.55%), Uber BV (9.13%), Alipay Singapore Holdings Private Limited (8.33%), Antfin Singapore Holdings Limited (8.20%), Tiger Global 6%, Sequoia Capital (5.98%), Co – Founder Deepinder Goyal (5.51%), TeamSec Holdings Subsidiary (3.65%) and others.
6- Kotak Mahindra Capital Company, Morgan Stanley India Company Limited and Credit Suisse Securities PVT Ltd are global coordinators and key managers of this IPO.
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The online food supply sector has seen rapid growth over the past few years, with Zomato and Swiggy being the main competitors. Kotak Mahindra Capital Company, Morgan Stanley India Company Private Limited and Credit Suisse Securities (India) Private Limited are global coordinators and book running lead managers.