Zomato IPO expected soon. Here’s what you need to know

Zomato has received Securities and Exchange Board of India’s (Sebi’s) nod to raise ₹8,250 crore through an initial public offer (IPO), which comprises a fresh issue of equity shares worth ₹7,500 crore and an offer-for-sale to the tune of ₹750 crore by Info Edge (India) Ltd, according to draft red herring prospectus. Zomato filed preliminary IPO papers with Sebi in April and received its observation needed by companies to launch IPOs, follow on public offer (FPO) and rights issue on July 2.

Zomato is expected to launch its IPO later in July. Zomato founder and CEO Deepinder Goyal told employees last year that the company was planning to launch an IPO in the first half of 2021.