Zomato opens Rs 8,500 crore QIP offering, sets floor price at Rs 265.91 per share

Zomato CEO Deepinder Goyal had shared that the projected fundraise is meant to fortify its equilibrium sheet.

In a regulatory filing connected Monday, the nutrient transportation level said the fundraising committee of the Board has approved and authorised the opening of the issue.

“We further privation to pass you that the ‘relevant date’ for the intent of the issue, successful presumption of Regulation 171(b)(i) of the SEBI ICDR (Issue of Capital and Disclosure Requirements) Regulations, is November 25, 2024…,” it said.

Floor terms acceptable astatine Rs 265.91 a share

Accordingly, the level price, based connected the pricing look arsenic prescribed nether Regulation 176(1) of the SEBI ICDR Regulations is Rs 265.91 per equity share, the filing said.

“Pursuant to Regulation 176(1) of a peculiar solution connected November 22, 2024, by mode of postal ballot, the institution whitethorn connection a discount of not much than 5 per cent connected the level terms truthful calculated for the issue,” Zomato stated.

The contented terms volition beryllium determined by the institution successful consultation with the book-running pb manager appointed for the issue, it added.

Zomato’s shares were trading astatine Rs 279.10 apiece connected the BSE, up 2.01 per cent successful the day trade.