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Zomato IPO: Food delivery platform aims to raise Rs 8,250 crore, Info Edge will sell a part of its investment

Food delivery app Zomato has placed an IPO order with the Securities and Exchange Board of India.

April 28, 2021 / 10:13 AM IST
Editorial credit: sdx15 / Shutterstock.com

Editorial credit: sdx15 / Shutterstock.com

Food delivery platform Zomato has filed its Draft Red Herring Prospectus (DRHP) with the market regulator today, kicking off one of India's most anticipated internet initial public offerings (IPOs) in a tumultuous year.

According to the DRHP filed by Zomato, the company will offer equity shares aggregating up to Rs 8,250 crore (nearly $1.1 Billion). Of this, Rs 7,500 crore will be fresh issue, while Rs 750 crore will be an offer for sale for its existing investor Info Edge.

Info Edge on April 27th said said it will sell shares worth Rs 750 crore in the upcoming initial public offering.

ALSO READ: Info Edge shares rise 3% on plans to offload stake worth Rs 750 crore in Zomato