Zomato sets July 19 as the date for IPO
SEBI has given green light to the IPO process
Zomato is expected to open for subscription on July 19 at a price band of Rs 70 – Rs 72 per share
This would put Zomato’s IPO close to Rs 9,375 Cr, making it the second-biggest IPO in the last four years after SBI Cards
The IPO would be a mix of fresh issue and an offer for sale (OFS) from existing investor Info Edge
The company is expected to be valued at $7.6 Billion
In the latest round of funding, Zomato’s valuation was just over $5.4 Billion
