Zomato IPO: Food delivery platform aims to raise Rs 8,250 crore through initial public offering (IPO). We will discuss all details here, first we need to know about the company and its financials.
Launched in 2010, Zomato is technology platform connects customers, restaurant partners and delivery partners, serving their multiple needs.
Customers use their 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.
On the other hand, Zomato provide restaurant partners with industry-specific marketing tools which enable them to engage and acquire customers to grow their business while also providing a reliable and efficient last mile delivery service.
Zomato also operate a one-stop procurement solution, Hyperpure, which supplies high quality ingredients and kitchen products to restaurant partners.
Zomato also provide their delivery partners with transparent and flexible earning opportunities.
As Zomato, India’s biggest food delivery company heads toward launching its IPO, here is IPO details and its financials.
Zomato IPO Details
According to the DRHP filed by Zomato, the company will offer equity shares of up to Rs 8,250 crore (approximately $ 1.1 billion). Of this, Rs 7,500 crore will be the latest issue, while Rs 750 crore will be a sale proposition for its existing investor Info Edge.
Here is a summary of its recent financials picked from the DRHP:
|Particulars||Nine-month period ended Dec 2020||Fiscal 2020||Fiscal 2019||Fiscal 2018|
|Equity Share capital (in Rs. crores)||0.031||0.03||0.03||0.03|
|Net worth (Rs. crores)||6,330.07||2,083.10||2,596.75||1,207.85|
|Revenue from operations (Rs. crores)||1,301.34||2,604.73||1,312.58||466.02|
|Loss for the period/year (Rs. crores)||(682.19)||(2,385.60)||(1,010.23)||(106.91)|
|Basic earnings per share||(8,496.65)||(34,121.10)||(16,027.31)||(2,243.76)|
|Diluted earnings per share||(8,496.65)||(34,121.10)||(16,027.31)||(2,243.76)|
|Net asset value per equity share||78,863.30||30,026.70||43,130.82||26,140.47|
Zomato IPO Date
To be announced.
Note: We will update all details related to Zomato IPO when Zomato IPO gets approval from SEBI.