<p>Food ordering platform Zomato on Thursday said it plans to raise Rs 9,375 crore through initial share-sale that will open for subscription from July 14 to 16.</p>.<p>The price band for the issue has been fixed at Rs 72 to 76 per share.</p>.<p>Earlier this week, Zomato had received markets regulator Sebi's go-ahead for the initial public offer (IPO).</p>.<p><strong>Read more: <a href="https://www.deccanherald.com/business/cairn-energy-secures-french-court-order-to-seize-20-indian-govt-properties-1006204.html" target="_blank">Cairn Energy secures French court order to seize 20 Indian govt properties </a></strong></p>.<p>The total IPO size is Rs 9,375 crore, comprises a fresh issue of equity shares worth Rs 9,000 crore and an offer-for-sale to the tune of Rs 375 crore by Info Edge (India) Ltd.</p>.<p>Zomato, which filed preliminary IPO papers with Sebi in April, obtained its observation on July 2, an update with the regulator showed on Monday.</p>.<p>Going by the draft papers, proceeds from the fresh issue would be used towards funding organic and inorganic growth initiatives and general corporate purposes.</p>.<p>The online food delivery segment has seen significant growth in the last few years with Zomato and Swiggy competing head-on to grab market share.</p>.<p>Zomato's FY20 revenue had jumped over two-fold to $394 million (around Rs 2,960 crore) from the previous fiscal, while its earnings before interest, taxes, depreciation and amortization (EBITDA) loss was around Rs 2,200 crore. </p>
<p>Food ordering platform Zomato on Thursday said it plans to raise Rs 9,375 crore through initial share-sale that will open for subscription from July 14 to 16.</p>.<p>The price band for the issue has been fixed at Rs 72 to 76 per share.</p>.<p>Earlier this week, Zomato had received markets regulator Sebi's go-ahead for the initial public offer (IPO).</p>.<p><strong>Read more: <a href="https://www.deccanherald.com/business/cairn-energy-secures-french-court-order-to-seize-20-indian-govt-properties-1006204.html" target="_blank">Cairn Energy secures French court order to seize 20 Indian govt properties </a></strong></p>.<p>The total IPO size is Rs 9,375 crore, comprises a fresh issue of equity shares worth Rs 9,000 crore and an offer-for-sale to the tune of Rs 375 crore by Info Edge (India) Ltd.</p>.<p>Zomato, which filed preliminary IPO papers with Sebi in April, obtained its observation on July 2, an update with the regulator showed on Monday.</p>.<p>Going by the draft papers, proceeds from the fresh issue would be used towards funding organic and inorganic growth initiatives and general corporate purposes.</p>.<p>The online food delivery segment has seen significant growth in the last few years with Zomato and Swiggy competing head-on to grab market share.</p>.<p>Zomato's FY20 revenue had jumped over two-fold to $394 million (around Rs 2,960 crore) from the previous fiscal, while its earnings before interest, taxes, depreciation and amortization (EBITDA) loss was around Rs 2,200 crore. </p>