Zomato will get $ 1.26 billion from IPO, know how much the share price kept

New Delhi. The news is coming that the food delivery company Zomato has fixed a price of Rs 76 for its share. However, till now no official statement has come out about this from Zomato. The company is about to raise about $ 1.26 billion from its initial public offering (IPO). After the IPO, the company will be valued at $8 billion. This was the first public offer by a food delivery company in the country. It is known that Ant Group has a stake in Zomato. The company had kept a price range of Rs 72-76 per share for this and now it has been fixed at an upper limit of Rs 76.

was oversubscribed more than 38 times
Zomato collects reviews of restaurants as well as delivers food through the app. Its rivals include Swiggy and Amazon’s food delivery service. Swiggy recently raised $1.25 billion in funding from SoftBank’s Vision Fund and a few other investors. Zomato’s public offer received a good response from investors. It was oversubscribed more than 38 times.

First company to bring public offer from startups
However, many analysts called this IPO expensive. He said that the company has been running at a loss for many years. Its value will depend on its ability to sustain growth in the coming years and reduce costs. Zomato is the first company to bring a public offer among Internet-related startups that have grown their business rapidly and have also received large funding from foreign investors.

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You can invest from many platforms including Zerodha
If you also want to earn by investing in Zomato’s IPO, then you can invest money through the platforms of many broking firms including Upstox, Zerodha. Let’s know about other investment options in Zomato’s IPO …

Invest like this through Upstox
>> Login with your credentials on Upstox application or website.
>> Select the IPO you want to invest in and create an IPO application.
>> Add maximum 3 bids within the price band.
>> Confirm your application.
>> Accept the UPI mandate and block funds on your mobile UPI app.

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Invest through Zerodha
>> Login to the mobile app and select the IPO option under Console.
>> Select the IPO in which you want to invest.
>> Enter your UPI ID from BHIM App.
>> Select the investor type for your application and enter the lot size declared by the company.
>> Tick the cut-off price for more chances of share allotment.
>> Confirm and Submit. Accept the mandate request to proceed with the IPO on your BHIM UPI app.

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