Zomato IPO

Online food delivery platform Zomato filed its DRPH (Draft red herring prospectus) with sebi today. 

What is draft red herring prospectus (DRHP)

A draft red herring prospectus (DRHP) is the preliminary registration document prepared by merchant bankers for prospective IPO-making companies in the case of book building issues.

Zomato is an Indian multinational restaurant aggregator and food delivery company founded by Pankaj Chaddah and Deepinder Goyal in 2008. 

Current owners of zomato

Info Edge (18.6%) 
Uber (9.1%) 
Alipay Singapore (8.3%) 
Antfin Singapore (8.2%)

Zomato IPO details

With this IPO zomato is planning to raise Rs. 8250 crore of which Rs.7500 is fresh issue. Remaining Rs.750 crore will be offer for sale (OFS) by existing investor Info Edge. 
Zomato IPO date and price are yet to be fixed. Once these details are available, we will update this.

To find latest IPOs of this week, check - Latest IPOs this week in India

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