Zomato’s technology platform connects customers, restaurant partners, and delivery partners, meeting their multiple needs. Customers use its platform to search and find restaurants, read and write customer-generated reviews and view and upload photos, order food delivery, book a table, and pay while dining at the restaurant.
On the other hand, the company provides restaurant partners with industry-specific marketing tools that enable them to engage and acquire customers to grow their business while providing a reliable and efficient last-mile delivery service.
The Rs 9,375 crore public offer includes a fresh issuance of equity shares worth Rs 9,000 crore and an offer for sale of Rs 375 crore by existing sale shareholder Info Edge.
The offer will open for subscription on July 14 and bidding closes on July 16. The Anchor Book, if any, will be opened a day before the issue, i.e. on July 13.
The price band for the offer has been fixed at Rs 72-76 per equity share by the company in consultation with merchant bankers.
The initial public offering will close for subscription on July 16 (Friday).