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It must be noted that the company raised ₹8,500 crore through a Qualified Institutional Placement (QIP) during the October-December period last year, which reflects the minor dilution in Deepinder Goyal’s stake.
Goyal now holds a 3.83% stake in Zomato at the end of the December quarter, compared to the 4.18% stake he held at the end of the September quarter. At Zomato’s current market price, Goyal’s stake is valued at over ₹8,300 crore.
Foreign Portfolio Investors or FPIs now hold 47.3% stake in Zomato, compared to the 52.5% stake they held at the end of the September quarter. Prominent names that still feature in this list include Antfin Singapore, Kuwait Investment Authority, Government of Singapore and Camas Investments Pte.
For retail investors, or those with authorised share capital of up to ₹2 lakh, their stake in percentage terms has marginally dipped to 6.05% from 6.56% in September, although their absolute number has increased to 24.8 lakh from 23.2 lakh in the previous quarter. This means, as many as 25 lakh small shareholders now own shares of Zomato.
India’s domestic mutual funds were big participants during Zomato’s QIP and that also shows in the increase in their stake in comparison to the September quarter.
Mutual Funds now own a 16.42% stake in Zomato, compared to the 13.57% stake they held at the end of the September quarter.
Among the names that newly feature in the December shareholding, include the Nippon India Growth Fund (1.02% stake), the UTI Flexi Cap Fund (1.31% stake) and SBI BSE Sensex ETF (1.34% stake). Zomato began trading as part of the BSE Sensex index starting December 23 last year.
Shares of Zomato are in correction mode currently and that is in-line with the prevalent sentiment in the broader markets. The stock ended 6% lower on Monday as well at ₹228, which is a 25% drop from its peak of ₹304.
