After receiving approval from SEBI to raise Rs 8,250 crore through an IPO, Zomato saw its shares trade at a significant premium in the primary market. After receiving approval from SEBI to raise Rs 8,250 crore through an IPO, Zomato, an online food delivery platform, saw its shares trade at a significant premium in the [...]
According to insiders, the Zomato IPO, which gained Sebi permission last week, is scheduled to open for subscription in less than two weeks. The offer puts Zomato’s worth at $7.6 billion (about Rs 56,240 crore), which is more than Amazon-backed Deliveroo or Nasdaq-listed Grubhub. The offer will be a mix of Info EdgeEarlier's fresh issue [...]
