The proceeds from the IPO will be used to help Delivery Hero grow and expand as it looks to take on US tech giants that are entering the takeaway market such as Uber and Amazon
Given the fast evolving home and workplace dynamics where commutes are longer and more women are joining the office bandwagon, the food home delivery trend in India is on an all time high.
The company, which competes with global giant Starbucks in the fast-growing Indian consumer market, has fixed a price band of Rs 316-328 per share for its IPO.
The company is planning to raise Rs 1,150 crore through its maiden offering, making this the largest IPO in nearly three years. The IPO will open on Wednesday and close on Friday.