Zomato leadership stand to make big cash in its IPO-run

The top leadership of Zomato Ltd., which filed its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI), last week, now stand to make more than ₹786 crore, as a part of the firm’s upcoming initial public offering (IPO).

The top 10 executives of Zomato are sitting on a cash-pile value of ₹786 million (or over $100 million), as a result of the stock options granted to them in 2014 and 2018, through the company’s employee stock ownership plan (ESOP) policy.

The cash pile value is derived by dividing the company’s most recent $5.4 billion valuation, ascribed to it in February 2021, by the total number of outstanding shares, resulting in an arrived share price of ₹61 apiece.