Zomato IPO News: Investors alert! All you need to know
Anand Rathi said that Food aggregator Zomato has filed a draft prospectus with SEBI for a $ 1.1 bn issue (Rs 82.5 bn), comprising a fresh issue of Rs 75 bn and an OFS of Rs 7.5 bn. (Info-edge now has an 18.55% stake.) The company will be utilising Rs 56.25 bn (75%) of the fresh issue to fund organic (Rs 30 bn) and inorganic growth (Rs 26.25 bn). The rest will be used for general corporate purposes. The IPO will be a test of Indian investors’ appetite for unicorns
Food Services, defined as non-home-cooked food or restaurant food now contribute only 10 % to the food consumption market: Reuters