Zomato Limited IPO

About Company - Zomato

About Zomato Limited IPO

Zomato IPO is a Mainline IPO of Rs. 9,375 crores open for subscription on 14 July and close on 16 July. It is a 100% book-built issue IPO whose issue price is set at Rs.72-76. The floor price is 72 times and the cap price is 76 times Rs. 1 face value. The lot size is 195 shares subject to a minimum order value of ₹14,820. Scroll down the page further to get more details about Zomato Limited IPO including business overview, financials, strengths, weaknesses, GMP, live subscription, allotment, and recommendations.

About the Company - Zomato Limited

Zomato operates as a food delivery platform that connects customers, restaurant partners and delivery partners, serving their multiple needs. Customers use its 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. Contrary, it also 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. During Fiscal 2020, 41.5 million average Monthly Active Users (MAU) visited their platform in India. As of December 31, 2020, it was present in 526 cities in India, with 350,174 Active Restaurant Listings. Their mobile application is the most downloaded food & drinks application in India in each of the last three years since 2018 on iOS App store and Google Play combined, as per AppAnnie's estimates.

Zomato IPO Strengths

• Zomato has strong network effects driven by unique content and transaction flywheels.
• The company has widespread and efficient on-demand hyperlocal delivery network.
• It has technology and product-first approach to business.
• Zomato is a strong consumer brand recognized across India.