Zomato IPO: Opportunity to earn bumper from July 14 to 16, here you will get only Rs 14040 big profit, know how?

New Delhi: If you are also looking for an option to earn good money in the month of July, then you have a good chance. From July 14 to 16, you can earn huge profits by investing only Rs 14040. Food delivery company Zomato is giving you this earning opportunity. The company’s IPO (Zomato IPO) is being opened for subscription from tomorrow, through which you can earn bumpers in a few days. Let me tell you how-

In this IPO, investors will have to invest Rs 14040, in return for which you will be given 195 shares of the company. Through this, the company has made a plan to raise Rs 9,375 crore. It will become the second largest IPO company in the last 4 years. Earlier, SBI Cards and Payment Services had raised Rs 10,335 crore.

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What will be the price band?
Talking about the price band of Zomato IPO, it can range from Rs 72 to Rs 76.

What will be the lot size?
In this IPO, 195 shares will be given to the investors i.e. you will get 195 shares on booking one lot. Apart from this, if you book two lots, you will get 290 shares.

How is the company’s report card?
In FY20, Zomato’s income doubled to Rs 2,960 crore compared to the previous financial year, while EBITDA loss stood at Rs 2,200 crore. In February, the company had raised around Rs 1,800 crore from Tiger Global, Quora and other firms. In this way the valuation of the company became about 40 thousand crores.

Who will be the lead manager of IPO?
Kotak Mahindra Capital, Morgan Stanley India, Credit Suisse Securities are the Global Coordinators and Lead Managers in this IPO. BofA Securities and Citigroup are global market merchant bankers.

The company was started in 2008
Let us tell you that Zomato was started in 2008. The company’s main competition is from Accel-backed Swiggy and Amazon. According to a Reuters report, new shares worth Rs 9,000 crore will be issued. At the same time, the company’s top shareholder Info Edge (India) will sell shares worth Rs 375 crore.

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This year 22 companies have knocked in the IPO market
So far 22 companies have knocked in the IPO market in India in the year 2021. Even after Zomato, the IPOs of 6 more companies will soon be listed in the market. The IPO market is seeing a lot of interest with foreign funds showing a lot of interest and domestic investors showing enthusiasm once again after the lockdown.

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