News > Zomato's mega IPO gets Sebi nod, may hit market as early as this month 

Zomato's mega IPO gets Sebi nod, may hit market as early as this month 

Business Standard | 05/07/2021 08:26 PM | Click to read full article

Zomato has obtained market regulator Sebi’s green light to launch its Rs 7,875-crore initial public offering (IPO).

Getting a final observation letter is akin to getting a go-ahead to launch the IPO, said investment bankers. The company is planning to issue fresh shares worth Rs 7,500 crore in the IPO. This will make this India’s third-largest offering after Reliance Power and DLF.