Food delivery platform Zomato on Wednesday filed its Draft Red Herring Prospectus (DRHP) documents with market regulator Securities and Exchange Board of India (SEBI). The company is looking to raise up to Rs 8,250 crore through its much-awaited initial public offer (IPO). 

According to the data in the DRHP available with SEBI, Zomato’s IPO will comprise of a fresh issue of Rs 7,500 crore worth of equity tshares and an offer for sale (OFS) of Rs 750 crore by Info Edge (India), which owns Naukri.com. In an exchange filing late on Tuesday, Info Edge had informed that its board of directors had approved its participation in the OFS of Zomato. 

Zomato has also informed that it might consider a private placement of Rs 1,500 crore prior to filing the IPO papers with the RoC. “If the pre-IPO placement is undertaken, the minimum offer size (comprising the fresh issue so reduced by the amount raised from the pre-IPO placement, and the offer for sale) shall constitute at least 10 per cent of the post-offer, paid-up, equity share capital of our company,” Zomato said in its DRHP. 

The proceeds from the fresh issue would be used towards funding organic and inorganic growth initiatives and general corporate purposes. Kotak Mahindra Capital Company, Morgan Stanley India Company and Credit Suisse Securities (India) are the global coordinators and book-running lead managers to the issue. BofA Securities India and Citigroup Global Markets India are the book-running lead managers to the IPO. Link Intime India is the registrar to the offer.