Zomato eyes raising $1.1 bn through initial public offering, files DRHP

The IPO offer includes a fresh issue by the company worth Rs 7,500 crore, and and an offer for sale by the selling shareholder Info Edge

Food-delivery platform Zomato on Wednesday took the first step towards public listing by filing its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi).
 
The proposal to raise Rs 8,250 crore, or over $1.1 billion, through its initial public offering (IPO) makes this one of the largest by a consumer internet company in India.
 
The IPO offer includes a fresh issue of Rs 7,500 crore, and an offer for sale worth Rs 750 crore by Info Edge, the largest investor in Zomato with 18.55 per cent pre-offer equity share capital in the company.