Zomato's IPO will open today, know how many shares you can bid for, how much money you will be able to invest

14-07-2021

Food delivery company Zomato's IPO of Rs 9,375 crore will open today i.e. on Wednesday. It is being told that the company's IPO will get a tremendous response from investors around the world. The IPO that opened on 13th July will close on 16th July. The price range under the IPO has been fixed at Rs 72 to 76 per share. The company plans to raise Rs 9,375 crore from the IPO.

 

Let us tell you that the company has the support of Jack Ma's Ant Group Company. Zomato is the first company in India's long list of unicorn startups to IPO. It is the first online food aggregator, which is launching an IPO.

 

Based on its IPO, the valuation of Zomato comes to Rs 64,365 crore. It is believed to be the second highest IPO after SBI Cards and Payment Services (Rs 10,341 crore) which came in March 2020. This will overtake the Indian Railway Finance Corporation's IPO in January.

 

Talking about its lot size, retail investors can bid for 195 shares and shares in its multiples. Retail investors can bid for a maximum of 13 lots. In such a situation, you can invest a maximum of Rs 1.94 lakh in this. The special thing is that 65 lakh shares are reserved for employees in Zomato's IPO.

 

Zomato provides food delivery ordering and dining out service. The company's business is spread over 23 countries. The Zomato company has set a target of raising Rs 9,375 crore through IPO. The company will use this money for organic and inorganic growth and general business operations.