The qualified institutional placement (QIP), which commenced on 25 November 2024, concluded on 28 November 2024, with a total of 33,64,73,755 equity shares being allotted. The shares were priced at Rs 252.62 per share, resulting in an issue size of approximately Rs 8,500 crore.
The issue price of Rs 252.62 is at a discount of 5%, to the floor price of Rs 265.91 per equity share set for the QIP issue.
Pursuant to the allotment of equity shares under the QIP, the paid-up equity share capital of the company increased to Rs 917.28 crore comprising 9,17,28,15,802 equity shares.
Motilal Oswal Mutual Fund emerged as the largest allottee, securing a substantial 20.81% allocation. Following, ICICI Prudential Mutual Fund and HDFC Mutual Fund received allocations of 12.78% and 8.68%, respectively. Lastly, Kotak Mutual Fund secured 5.95% allocation.
Zomato connects customers, restaurant partners and delivery partners. Customers use Zomato 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, it 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. The company also operates a one-stop procurement solution, Hyperpure, which supplies high quality ingredients and kitchen products to restaurant partners.
Zomato's consolidated net profit surged 388.89% to Rs 176 crore on 68.5% jump in revenue from operations to Rs 4,799 crore in Q2 FY25 over Q2 FY24.
The scrip slipped 3.23% to Rs 276.85 on the BSE.
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