Zomato IPO

Zomato IPO

Zomato IPO

The issue of food delivery platform Zomato IPO closed on July 16. The reserved share for retail investors in the IPO was subscribed 7.87 times. At the same time, the portion of non-institutional investors was filled 34.80 times. The reserve portion for Qualified Institutional Buyers (QIBs) saw the highest bid at 54.71 times. The allotment of shares will be finalized by July 23. However, the allotment of shares starts on July 22.

When will the allotment of shares happen?

Allotment of shares in Zomato IPO will happen from July 22. If you do not get the IPO, then on July 23, the money frozen for allotment will be refunded. If the shares are found in the allotment, then the shares will be added to the Demat account by July 26. The status of allotment will be known from the website of Link Intime India or the Company’s website (Link Intime India Private website) or Stock Exchange (BSE https://www.bseindia.com/investors/appli_check.aspx).

When will Zomato list?

According to brokerage firm Edelweiss, after the stock is added to the Demat account on July 26, it will be listed on NSE, BSE on July 27. Out of the money received from the IPO, Rs 5,625 crore will be spent on the expansion plan of the company and will be spent on the acquisition of other companies.

What does Zomato do?

The company is an online food delivery and restaurant aggregator. Its job is to deliver food from the restaurant to the customers. Millions of food delivery boys are also associated with this company, which operates through the app and website, and delivers goods to the customers. The company also gives restaurant reviews on its app. Also does marketing for them. The company had achieved total revenue of Rs 487 crore in the financial year 2018. Revenue has increased to Rs 2743 crore in 2020-21. But, the company has a total loss of Rs 2385 crore.

Is Zomato IPO listed in the stock market?

Zomato, the food delivery major, debuted with a listing premium of more than 50 percent on July 23, making it the 13th IPO since 2020 to record listing gains of more than 50 percent in the opening tick. The stock opened at Rs 116 on the NSE, a 52.63 percent premium to its final offer price of Rs 76.

What is IPO in Zomato market?

Zomato had raised Rs 9,375 crore through an initial public offer (IPO) by issuing shares for Rs 76 per share. Zomato is the leader in India’s nascent online food delivery business with a massive growth playfield.

Is Zomato IPO on NSE?

The Rs. 9,375 crore public offering of Zomato comprises fresh issuance of equity shares worth Rs. 9,000 cores and an offer for sale of Rs. 375 crores from shareholders Info Edge, which is listed on exchanges as Naukri.

How many shares does Zomato IPO have?

Zomato is offering 1.23 billion shares, valuing the IPO at 93.75 billion rupees. That includes issuing fresh shares worth up to 90 billion rupees as well as up to 3.75 billion rupees worth of stock sold by existing shareholders.

Can we buy Zomato IPO?

We suggest investors stay away and wait for the stock to decline to buy. Having said that, there is little doubt that the brand of tomato is solid. However, at these levels, the stock is not a good buy. The IPO had opened for subscription on July 14, in a price band of Rs 72-76 per share

How can I buy Zomato IPO?

Zomato IPO:

How to Buy Shares on Paytm
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.

Can we invest in Zomato?

Yes, at some stage, not right now. Among the newer IPOs, Nykaa and Zomato have decent business models but they are still not at levels at which we can even consider buying. They need to give up significant gains to even be considered for buying because this loss leadership cannot sustain.

Is Zomato a good share?

The foreign brokerage finds the stock Rs 120 worthy as it retained its ‘buy’ call on the stock. Kotak Institutional Equities finds the stock Rs 135 worthy. It noted that Zomato’s revenue growth of 82 percent was strong, led by food delivery GOV growth of 85 percent YoY.

How do I fill a Zomato IPO?

The process to bid in the IPO is very simple. One needs to download the app and log in with their Paytm credentials, complete the KYC process, then select the Zomato IPO option and fill in their investor details, enter the lot size and accept the mandate on the UPI app.

Is Zomato profitable?

Zomato, the online food delivery platform, on November 10 announced its July-September quarter results for the financial year 2021-22. The company reported a net loss of Rs 430 crore on a consolidated basis compared to a loss of Rs 230 crore in the same period of last year, an increase of 87 percent.

The initial public offering (IPO) of online food delivery company Zomato opened for subscription on Wednesday. The Rs 9,375 crore public offering is one of the much-awaited IPOs of the year. Interested investors will be able to subscribe to the public issue till July 14. Before the IPO, the firm allotted shares worth Rs 4,195 crore to anchor investors. A total of over 552 million shares were allotted to about 200 foreign companies as well as domestic investors at Rs 76 per share.
It is worth noting that anchor allotment is done a day before the IPO opens for public subscription.

Zomato IPO Details:-

IPO Opening Date Jul 14, 2021
IPO Closing Date Jul 16, 2021
Issue Type Book Built Issue IPO
Face Value ₹1 per equity share
IPO Price ₹72 to ₹76 per equity share
Market Lot 195 Shares
Min Order Quantity 195 Shares
Listing At BSE, NSE
Issue Size [.] Eq Shares of ₹1
(aggregating up to ₹9,375.00 Cr)
Fresh Issue [.] Eq Shares of ₹1 (aggregating up to ₹9,000.00 Cr)
Offer for Sale [.] Eq Shares of ₹1
(aggregating up to ₹375.00 Cr)

Why Zomato stock is down?

Why did the Zomato stock fall? Analysts point to macro-economic factors and global volatility behind the recent sell-off in new-age businesses such as Zomato. Its peers in the sectors such as Paytm, Nykaa, and Policybazaar have also witnessed major sell-offs over the past few months.

Is Zomato overvalued?

In the recent corrections amid the global sell-off, these new-age tech stocks took a hard hit. According to many market experts, these stocks were overvalued during IPO and one of the key reasons for the underperformance. At present, the stock of Zomato is trading around Rs 76 per share as of March 16, 2022.

Is it worth buying Zomato IPO?

The IPO price was still reasonable, but, to buy the stock at Rs 124 is over-exuberance. We suggest investors stay away and wait for the stock to decline to buy. Having said that, there is little doubt that the brand of tomato is solid. However, at these levels, the stock is not a good buy.

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