Zomato's three-day IPO will open on July 14 with the price band fixed at ₹72-76 per share. It will close on July 16 and the shares are expected to list on the stock exchanges on July 27. The issue comprises an offer for sale of ₹375 crore by the company’s early investor—Info Edge—and a fresh issue worth ₹9,000 crore. He believes that the Zomato IPO will pave way for other Indian start-ups to go for IPOs in Indian markets, as Indian markets are the best platform for all the stakeholders i.e., company, investors and customers. At this price, Zomato will be valued at ₹59,623 crore, ranking 78th among listed firms in India by market value.

Source: Mint July 14, 2021 03:20 UTC