Zomato targets post-IPO valuation of ₹64,365 crore

Zomato is eyeing a post-issue valuation of ₹64,365 crore on a fully diluted basis if its shares are priced at the higher-end of its ₹72-76 price range. Zomato's shares will be priced between ₹72-76 apiece, up from the reported ₹70-72, which will help it raise ₹9,375 crore. The IPO will open on July 14 and close on July 16.