Zomato IPO
Zomato IPO — date, price band, lot size & details 2021
Zomato listed on 23 Jul 2021 at ₹116, 52.6% above the ₹76 issue price.
Zomato runs a food delivery and dining-out platform that connects customers, restaurant partners and delivery partners. Its total income was Rs 2,118.42 crore in FY2021.
Stock price
Zomato is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 14 Jul 2021
- Close 16 Jul 2021
- Allotment 22 Jul 2021
- Refund/credit 23 Jul 2021
- Listing 23 Jul 2021
Issue summary
The terms of the offer, as filed.
| IPO Dates | 14 to 16 Jul, 2021 |
|---|---|
| Price Band | ₹72 – ₹76 |
| Face Value | ₹1 |
| Lot Size | 195 Shares |
| Issue Size | ₹9375 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,820 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 195 shares at the ₹76 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 195 | ₹14,820 |
| Retail (max) | 13 | 2,535 | ₹1,92,660 |
| S-HNI (min) | 14 | 2,730 | ₹2,07,480 |
| S-HNI (max) | 67 | 13,065 | ₹9,92,940 |
| B-HNI (min) | 68 | 13,260 | ₹10,07,760 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01The issue raised Rs 9,000.00 crore of fresh capital, with Rs 6,750.00 crore planned for growth initiatives.
- 02The loss narrowed from Rs 2,385.60 crore in FY2020 to Rs 816.43 crore in FY2021.
- 03EBITDA loss narrowed from Rs 2,206.17 crore in FY2020 to Rs 325.11 crore in FY2021.
- 04The company had almost no borrowing, at Rs 1.36 crore on 31 March 2021, and net worth of Rs 8,096.11 crore.
- 05It had 131,233 active food delivery restaurants and 161,637 active delivery partners on 31 December 2020.
Risks · 5
- 01The company has made losses in every year shown, including Rs 816.43 crore in FY2021.
- 02Total income fell from Rs 2,742.74 crore in FY2020 to Rs 2,118.42 crore in FY2021.
- 03The source shows a negative P/E, with pre-issue EPS of minus Rs 1.23.
- 04The post-issue market value at Rs 76 was Rs 59,623.37 crore while the company was still loss making.
- 05Food delivery is competitive, and growth depends on spending to keep 161,637 delivery partners and restaurants active.
Three years of numbers
All figures in ₹ crore, as reported in the Zomato offer document.
| Metric | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|
| Assets | 8,703.54 | 2,900.38 | 3,413.41 |
| Total Income | 2,118.42 | 2,742.74 | 1,397.72 |
| Profit After Tax | -816.43 | -2,385.60 | -1,010.51 |
| EBITDA | -325.11 | -2,206.17 | -2,143.81 |
| NET Worth | 8,096.11 | 2,083.11 | 2,597.29 |
| Reserves and Surplus | 7,643.76 | 457.35 | 2,356.15 |
| Total Borrowing | 1.36 | 1.47 | 1.31 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Zomato RHP.
Where the money goes
₹8,728.00 Cr of the issue is earmarked to named objects.
About the company
It also runs Hyperpure, which supplies ingredients and kitchen products to restaurant partners, and Zomato Pro, a customer loyalty programme. Restaurant partners can buy marketing tools on the platform.
As of 31 December 2020 it had 131,233 active food delivery restaurants and 161,637 active delivery partners, and it had a presence across 23 countries.
The IPO was Rs 9,375 crore, with Rs 9,000.00 crore of fresh issue and Rs 375.00 crore of offer for sale by Info Edge. Rs 6,750.00 crore was planned for organic and inorganic growth.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Zomato IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Kotak Mahindra Capital Company Limited
49 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: Rategain Travel Technologies (-15.3%).
Bofa Securities India Limited
14 issues handledBest listing: Nykaa (+79.4%). Weakest: The Leela Hotels (-6.7%).
Morgan Stanley India Co. Pvt. Ltd
7 issues handledCitigroup Global Markets India Pvt. Ltd
13 issues handledBest listing: Nykaa (+79.4%). Weakest: Kalyan Jewellers India (-15.0%).
Credit Suisse Securities (India) Pvt. Ltd
6 issues handledBest listing: Medplus Health Services (+30.7%). Weakest: Star Health and Allied Insurance Company (-6.1%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Zomato?
The current Grey Market Premium is ₹20, or 26% over the issue price.
What is the Zomato IPO price band?
₹72 to ₹76, on a face value of ₹1.
When is the allotment?
The basis of allotment is 22 July 2021, with listing on 23 July 2021.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
