Know what will be the price band?
Zomato is about to issue an issue of Rs 9375 crore. This IPO is being opened for investment from today 14th July and will close on 16th July. The price band of its issue is Rs 72-76. The company will issue a fresh issue of Rs 9,000 crore and shares worth Rs 375 crore will be sold in the offer for sale. Infoedge, which holds the largest stake in Zomato, will sell shares worth Rs 375 crore. Zomato can be listed on BSE and NSE in the week starting on July 26. Let us tell you that earlier this week the company got the green signal from the market regulator SEBI.
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According to experts, after the completion of the IPO, the value of the company (Zomato) will be Rs 64,365 crore, which is much more than the other listed companies in this segment. The capitalization of Jubilant Foodworks is around Rs 41 thousand crore while that of Burger King India is Rs 6,627 crore. The online food delivery market has been growing rapidly in the last few years. Zomato and Swiggy are the major companies in this sector.
Know how is the company’s report?
In FY20, Zomato’s income doubled to Rs 2,960 crore as compared to the previous financial year, while EBITDA loss stood at Rs 2,200 crore. In February, the company had raised about Rs 1,800 crore from Tiger Global, Quora and other firms. In this way the valuation of the company became about 40 thousand crores.
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What do experts say?
Brokerage Ventura Securities has advised to subscribe to this issue. It says that smartphones are growing rapidly in the country and the lifestyle of people is such that they are taking interest in ordering food online. Ventura also believes that Zomato can make a profit of Rs 227 crore in FY 2023 and Rs 479 crore in FY 2024.
How to Apply for Zomato IPO
Paytm Money has launched a new feature through which investors can use 24×7 to invest in IPOs 24×7. Through this feature, it will be easy for new and young investors to invest. Learn how you can also apply..
<< Users can invest only when the Pre-Open IPO Application feature is activated.
<< The IPO order will be recorded on the Paytm Money system and will go to the exchange to be processed after the IPO is opened.
<< Users will get information about application status. Users will continue to get all the information about IPO booking.
<< Users will be able to complete the IPO application with just one click. Shareholders will be able to apply through categories. You will also be able to track the live IPO subscription number.
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