Zomato has filed for an initial public offering (IPO) with the Securities and Exchange Board of India (SEBI) that could raise up to 82.5 billion rupees ($1.1 billion). This will be India's biggest IPO so far this year, according to Dealogic.
In the SEBI filing, Zomato has said that it will issue new shares worth 75 billion rupees ($1 billion). One of its shareholders, Info Edge India, will be selling its stake worth ₹750 crore.
Cyril Amarchand Mangaldas is advising Zomato with a team led by Partner Yash Ashar. General Counsel Damini Bhalla, who recently joined Zomato from L&L Partners, is also advising on the IPO.
IndusLaw is acting as the domestic legal counsel for the managers while Latham & Watkins is acting as International legal counsel.
The IndusLaw team is led by Partner Manan Lahoty along with Abhiroop Lahiri, Abhyuday Bhotika, Priyadarshini Rao, Pooja Maloo, Ancha Venkata Samarth, Ritika Banerjee and Kamiya Marwah.
J Sagar Associates is advising Info Edge with a team comprising Partner Rohitashwa Prasad and Associate Aishwarya Abhijit.