The mother or father of Naukri.com stated particulars of the sale will likely be included in Zomato’s Draft Crimson Herring Prospectus (DRHP).
Sources stated the DRHP will likely be filed with market regulator, Securities and Trade Board of India, on Wednesday.
Information Edge India stated its investee firm – Zomato – has proposed an preliminary public providing of contemporary fairness shares and in addition a proposal on the market, in response to the submitting.
Information Edge shares gained 1.1% to shut at Rs 4,944.50 on Tuesday.
ET was the
first to report on March 3 that Zomato is anticipated to lift $750 million to $1 billion by way of its IPO.
The Gurugram-based firm is prone to be valued at $6-$8 billion and can emerge as the primary large shopper web startup to faucet the general public markets amid a bunch of different home web corporations eyeing an IPO within the subsequent 12 months or so.
The shareholding of Information Edge, Zomato’s first institutional investor which made a Rs 4.7-crore funding within the firm in August 2010, is value Rs 7,270 crore, in response to its newest regulatory filings.
Zomato’s chief rival Swiggy is
finalising a $450 million fundraise from SoftBank Vision Fund, valuing the corporate at $5 billion, ET reported on April 15.
“For us, it has been actually easy, as a result of Information Edge owned 58% of us again in 2012-13. So, our numbers used to get reported and so they had been folded up into their quarterly earnings. So, our finance crew has been the most effective since then. We’ve got been deemed to be a public firm all all through,” Deepinder Goyal, CEO of Zomato, advised ET in March when requested about its journey in direction of a public itemizing.
Ant Monetary, the opposite massive shareholder in Zomato with an about 20% stake, has been unable to take part within the firm’s funding rounds following a clampdown on Chinese language investments in India.
Ant’s stake is value Rs 7,729 crore, as per information offered by startup trade tracker Tracxn.
Within the run-up to the IPO, Zomato has
added five new independent members to its board, which incorporates 4 girls.
Additionally Learn:
How Zomato’s cap table has evolved
