Is Zomato IPO coming?
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Is Zomato IPO coming?
The much-awaited IPO of Zomato is finally here. The Rs. 9,375 crore public offering of Zomato comprises fresh issuance of equity shares worth Rs….Zomato IPO Closed.
| IPO date | 14 Jul 2021 – 16 Jul 2021 |
|---|---|
| Listing date | 23 Jul 2021 |
| Price range | 72 – 76 |
| Minimum order quantity | 195 |
| (D)RHP | View |
When can I buy Zomato IPO?
The Zomato IPO open date is Jul 14, 2021, and the close date is Jul 16, 2021.
Can I invest in Zomato?
Domestic brokerage and research firm ICICI Securities on Monday said that it has initiated coverage with a Buy rating on Zomato, and sees it as a great value stock unlike what street believes it to be. It sees huge upside on the home-grown food-delivery company’s stock with a target price of ₹220 per share.
Can I buy Zomato shares now?
One can buy the counter at current market price for one month target of ₹177. Zomato share price is currently quoting ₹142 per equity share at NSE (at 11:56 AM).
How can I buy IPO in Zomato?
Here’s how you can buy shares:
- Download the Paytm Money app.
- Login with your Paytm details.
- Select the Zomato IPO option and fill in your investor details.
- Enter the lot size.
- Accept the mandate on the BHIM portal.
Is Zomato IPO overvalued?
Not only Jhunjhunwala, but famous valuation expert Aswath Damodaran, Professor of finance at the Stern School of Business said Zomato is a money-losing, cash burning enterprise with overvalued valuation. On his blog — The Zomato IPO : A Bet on Big Markets and Platforms!
What is boycott Zomato?
Netizens boycott Zomato soon after Swara Bhasker pointed out the company for displaying ads on Arnab Goswami’s Republic TV. Fans of Arnab Goswami are miffed that Zomato is taking Swara’s side and a section of people started trending #BoycottZomato and shared screenshots of the deleted app.
Why Zomato stock is falling?
“Zomato paved the way for a new era as the company gained huge value on listing due to its unique business model, being the first of its kind player and attracting hefty anchor books,” he added. The recent selling spree has led to a sharp fall in the market cap of Zomato, which had breached the mark of Rs 1 lakh crore.
Does Zomato charge for listing?
Zomato currently charges a commission fee of 7\% of the total orders from the restaurants under its food ordering business. This does not include delivery and payment gateway charges.
Is 0zomato planning to file for an IPO?
Zomato appears all set to file for an Initial Public Offering or IPO, eyeing a listing in one or more recognised stock exchanges in India, an email sent by the company to its investors said.
When will Zomato launch its IPO?
On July 8, 2021, Zomato is one week away from launching its debut IPO. The company has already filed its red herring prospectus with the Bombay Stock Exchange, and in the same, Zomato has also revealed some much-awaited details of its upcoming IPO.
Is Zomato planning to raise $1 billion through a public listing?
Zomato is reportedly eyeing to raise $750 million to $1 billion at a valuation of $6-8 billion through the public listing. Zomato is likely to be the first large-scale consumer-facing internet company amongst several to go IPO this year. Lenskart and PolicyBazaar are also set to list on public stock exchanges this year.
Infoedge is also a shareholder in Zomato. At present, a company incorporated in India can list on a foreign stock exchange only after it is listed in India. MakeMyTrip, which is listed on Nasdaq, had to incorporate itself in Mauritius to facilitate overseas listing without going public in India.