The initial public offering price was set at 76 rupees a share and the stock opened 52.63% higher at 116 rupees on the National Stock Exchange of India, valuing the company at about 910 billion rupees ($12.2 billion). … Zomato is offering 1.23 billion shares, valuing the IPO at 93.75 billion rupees.Jul 23, 2021
What is zomato IPO?
What is Zomato IPO price?
Rs 76 per share Zomato IPO listing comprised Rs 9,000 fresh equity shares and an offer-for-sale (OFS) worth Rs 375 crore by existing investor Info Edge (India). It fixed the initial public offering (IPO) price at Rs 76 per share.
Is Zomato IPO worth buying?
The IPO price was still reasonable, but, to buy the stock at Rs 124 is overexuberrance. We suggest investors to stay away and wait for the stock to decline to buy. Having said that, there is little doubt that the brand of zomato is solid. However, at these levels the stock is not a good buy.
What IPO means?
initial public offering When a private company first sells shares of stock to the public, this process is known as an initial public offering (IPO). In essence, an IPO means that a company's ownership is transitioning from private ownership to public ownership. For that reason, the IPO process is sometimes referred to as "going public."
Can I buy Zomato IPO?
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. 9,000 cores and an offer for sale of Rs….Zomato IPO Closed.
| IPO date | 14 Jul 2021 – 16 Jul 2021 |
|---|---|
| Minimum order quantity | 195 |
| (D)RHP | View |
Is Zomato profitable?
Food delivery aggregator Zomato reported a consolidated loss of ₹356.2 crore during the quarter ended June 30, 2021. The Deepinder Goyal-led company had posted a loss of ₹99.8 crore in the year-ago period.
Is Zomato IPO profitable?
Zomato IPO: Unlike most companies that hit the IPO market, Zomato is yet to make profits. … The IPO was to raise Rs 9,375 crore. Unlike most companies that hit the IPO market, Zomato is yet to make profits.
Is Zomato a loss making company?
Food delivery giant Zomato reported a consolidated net loss of Rs 435 crore for the September quarter, compared to a loss of Rs 230 crore in the corresponding period a year ago. The losses were mainly due to investments made towards the growth of its food delivery business and other acquisitions.
Who can invest in IPO?
INITIAL PUBLIC OFFERINGS (IPO)
- Qualified institutional investors (QIIs): Commercial banks, public financial institutions, mutual fund houses and Foreign Portfolio Investors that are registered with SEBI fall in this category.
- Anchor investors: Any QII, who makes an application of over Rs 10 crore, is an anchor investor.