All you need to know about

ZOMATO LTD.
Issue Details

Issue Amount : ₹9,375 Cr (Fresh Issue: ₹9,000 Cr, OFS: ₹375 Cr)
Post Issue Implied Market Cap: ₹59,623 Cr at upper band
Total shares on offer : Upto 1,302,083,333 Equity Shares at Lower band
Face Value : ₹1 per share
Price Band : ₹72 to ₹76
Lot Size : 195 shares and in multiple thereafter
Registrar : Link Intime India Private Limited

Source : BRLM

Offer Breakup
Category Allocation Issue size (Shares approx) Issue size ( ₹ in Cr)
Lower Band Upper Band Lower Band

QIB 75% 971,687,501 920,289,474 6,994

NIB 15% 194,337,499 184,057,894 1,399

Retail 10% 129,558,333 122,705,263 933

Employee - 6,500,000 6,500,000 49

Total 100% 1,302,083,333 1,233,552,631 9,375

Source : BRLM.
IPO timeline `
IPO Open: `

14
Wednesday, July 14, 2021

IPO Close:
Friday, July 16, 2021 JULY

22 Finalization of 23 Refunds/Unblocking
July 2021 basis of allotment July 2021 ASBA fund

26 Credit of equity 27 Trading

July 2021 shares to DP account July 2021 commences

Source : BRLM. Dates are tentative

The objective of the offer

The Offer comprises a Fresh Issue by the Company and an Offer
for Sale by the Selling Shareholders.

The company proposes to utilise the Net Proceeds of the fresh

offer towards the following.

General corporate purposes

Funding organic and

inorganic growth
initiatives.

Source : RHP
About the company
Zomato’s technology platform connects customers, restaurant partners and delivery
partners, serving their multiple needs. Customers use its platform to search and
discover restaurants, read and write customer generated reviews and view and
upload photos, order food delivery, book a table and make payments while
dining-out at restaurants. On the other hand, Zomato provides restaurant partners
with industry-specific marketing tools which enable them to engage and acquire
customers to grow their business while also providing a reliable and efficient last
mile delivery service. Zomato also operates a one-stop procurement solution,
Hyperpure, which supplies high quality ingredients to restaurant partners. Zomato
also provides our delivery partners with transparent and flexible earning
opportunities. According to RedSeer, It is one of the leading Food Services platforms
in India in terms of value of food sold, as of March 31, 2021. During Fiscal 2021, 32.1
million average MAU visited its platform in India. As of March 31, 2021, Zomato was
present in 525 cities in India, with 389,932 Active Restaurant Listings. Its mobile
application is the most downloaded food and drinks application in India in each of
the last three fiscal years since Fiscal 2019 to Fiscal 2021 on iOS App store and
Google Play combined, as per App Annie’s estimates.

Zomato’s business is built around the core idea that over time, people in India are
going out to eat at restaurants more than they cook at home. To capture value out of
this shift in customer behaviour, it has two core business-to-customer (B2C)
offerings – (i) Food delivery and (ii) Dining-out, in addition to its
business-to-business (B2B) offering (iii) Hyperpure. Another important part of our
business is (iv) Zomato Pro, its customer loyalty program which encompasses both
food delivery and dining-out.

Impact of Covid: In the first quarter of Fiscal 2021 we saw a significant impact on our
business and our food delivery business in India hit its lowest in terms of Gross
Order Volume (GOV) in a quarter in two financial years. However, since then, our food
delivery business in India has recovered strongly, with GOV growth of 91.6%, 42.3%
and 11.1% in the second, third and fourth quarters of Fiscal 2021 respectively, over
the immediately preceding quarters. The GOV in the fourth quarter of Fiscal 2021
was �3,313 crore which was the highest GOV that it has achieved in any quarter till
March 2021. There has been no adverse impact of the second wave of the COVID-19
pandemic on Zomato’s food delivery business in India. On the other hand, the
dining-out business is still recovering as customers continue to be reluctant to
dine-out as a precautionary measure. While the short term impact of COVID-19 was
severe on its business, Zomato believes that it has accelerated digital adoption and

Source : RHP
Strengths

Strong network effects Widespread and

driven by its content on-demand hyperlocal
and transaction delivery network
flywheels

Technology and Strong consumer

product-first brand recognized
approach to business across the length
and breadth of India
Source - For more details please refer page 138 of RHP

Risks

`
`

It may not be able to It has a history of net

sustain the historical losses and it anticipates
growth rates, and its increased expenses in
historical performance may the future
not be indicative of the
future growth or financial

Failure to maintain, protect Failure to generate and

and enhance its brand maintain sufficient high
could limit the ability to quality customer
retain or expand the generated content could
customer base negatively impact the
business
Source - For more details please refer page 24 of DRHP
Important Financials Data
For the year/period ended (� in Crore)

As at As at As at
Particulars March 31, March 31, March 31,
(in ₹ crore) 2021 2020 2019
Particulars
(in ₹ crore)
Total Assets 8,703.54 2,900.38 3,413.34

Revenue from 1,993.78 2,604.74 1,312.59

Operations

Revenue Growth -23.46 98.44 NA

(%)

Total 1.36 1.46 1.31

Borrowings

EBITDA -467.16 -2,304.70 -2,243.78

Profit After
Tax -816.43 -2,385.60 -1,010.51

Basic EPS
(₹) -1.51 -5.42 -2.57

RONW -10.04% -113.64% -37.16%

(%)

Source : RHP. Revenue growth for FY 19 not known as FY 18 numbers unavailable

Peer Comparison
There are no listed companies in India whose business portfolio is
comparable with that of the company’s business and comparable
to its scale of operations.
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proceeds worth Rs 31,276.74 crores in total Some of the successful IPOs
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now Zomato’s huge IPO is up. Lets see how Zomato manages to deliver
their IPO.

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IPO Closing IPO Name Issue Size Retail Total Issue Price List Price Listing CMP as of Current Gains
Date (` in crs) Subscription Subscription (in ₹) (in ₹) Gains(%) 07-07-21 (%) 07-07-21
(in ₹)

25-Jun-21 India Pesticides Limited 800 11.30 29.04 296 350 18.20 335.35 13.30

18-Jun-21 Dodla dairy Ltd 520 11.34 45.62 428 550 28.50 579.10 35.30

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16-Jun-21 Shyam Metalics and Energy Limited 909 11.64 120.93 306 380 24.20 412.90 34.90

16-Jun-21 Sonacomstar 5,550 1.58 2.80 291 301 3.40 405.35 39.30

09-Apr-21 Macrotech Developers (Lodha Group) 2,500 0.40 1.36 486 436 -10.30 664.25 36.70

26-Mar-21 Barbeque Nation 453 13.13 5.97 500 489.85 -2.00 903.15 80.60

19-Mar-21 Nazara Tech 583 75.29 175.46 1,101 1,990 80.70 1,696.20 54.10

18-Mar-21 Kalyan Jewellers 1,175 2.85 2.64 87 73.95 -15.00 77.50 -10.90

19-Mar-21 Suryoday Small Finance Bank 582 3.09 2.37 305 292 -4.30 211.95 -30.50

Source : BRLM & Moneycontrol. Anchor portion excluded for subscription details.

For more details refer offer documents on sebi www.sebi.gov.in

The securities quoted are exemplary and are not recommendatory. Such representations are not indicative of future results.
Source of statistical information, charts, graphs etc – RHP, DRHP, addendum and Moneycontrol.

Investment in securities market are subject to market risks, read all the related documents carefully before investing.
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