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Zomato IPO

India's biggest food delivery company is soon going public.

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Date To be announced
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(D)RHP View

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Zomato recently filed its DRHP with SEBI


As Zomato heads toward launching its IPO, you may want to check some of its financials. Here is a summary of its recent financials picked from the DRHP:

Particulars Nine-month period ended Dec 2020 Fiscal 2020 Fiscal 2019 Fiscal 2018
Equity Share capital (in Rs. crores) 0.031 0.03 0.03 0.03
Net worth (Rs. crores) 6,330.07 2,083.10 2,596.75 1,207.85
Revenue from operations (Rs. crores) 1,301.34 2,604.73 1,312.58 466.02
Loss for the period/year (Rs. crores) (682.19) (2,385.60) (1,010.23) (106.91)
Basic earnings per share (8,496.65) (34,121.10) (16,027.31) (2,243.76)
Diluted earnings per share (8,496.65) (34,121.10) (16,027.31) (2,243.76)
Net asset value per equity share 78,863.30 30,026.70 43,130.82 26,140.47


Can a loss-making firm launch an IPO?

Yes, a loss-making company can launch an IPO. However, the portion of the IPO reserved for the retail category changes from the usual 35% to 10% of the overall issue size. We’ve covered the details on this here.

When will the Zomato IPO launch?

The timeline of the IPO is yet to be disclosed. Once it is, you’ll be able to check it here.

Issue size

One of the existing shareholders of Zomato is a listed company - Naukri. It will be selling Rs. 750 crores of shares in the IPO. Zomato is planning to raise 7500 crores in form of a fresh issue of shares. This will make the IPO a Rs. 8,250 crore issue.

Zomato vs Food Delivery Industry

Zomato seems to have grown 7x since 2018 compared to the 3.6x growth of the overall food delivery industry:

 

Growth Potential

Zomato has been growing at a very fast pace but how much headroom does the company have? This table comparing the total addressable markets in India, US & China may give us some indication:

 

Media Coverage:

  1. Indian Express - Zomato files DHRP with SEBI for its much-awaited IPO; aims to raise up to Rs 8,250 crore
  2. Moneycontrol - Food delivery platform aims to raise Rs 8,250 crore, Info Edge will sell a part of its investment