Despite the large size of IPO at Rs 9, crore and rich valuations, the company saw healthy overall subscription of 38x. There is a lot of fancy for such unique and first-of-its-kind listing in the market. We had given a subscribe rating to the IPO. Given a strong delivery network, high barriers to entry, expected turnaround and significant growth opportunities in tier-II and tier-III cities we continue to remain positive on the stock from a long term perspective.
Post the stellar listing, we recommend that short-term investors that were looking for listing gains can exit the stock while long-term investors can book partial profits. The share of the equity owned but the original founders of the company has dropped dramatically over time, as the company has had to raise capital to fund its ambitious growth agenda, and Deepinder Goyal owns only 5. As revenues have grown, the business model for the company has been slower to evolve, as the company has reported extensive losses along the way.
Aswath Damodaran. New large-cap internet platform companies like Zomato with high free float market cap due to zero promoter holdings could be serious contenders for entry into the benchmark indices going ahead. This cannot get any better for Zomato as it was great IPO timing for them. The economics of this business suddenly look good for recent periods as they shifted from the luxury category to the necessity category. The IPO was highly successful, with massive amounts of bids and massive premium listing.
The JST View is the same like before. We believe that FY21 numbers are skewed as a lot of restaurants are dependent on platforms for their survival. Hence we see more commissions charged to restaurants, more delivery charges applied to customers, and lesser of discounts. Check live prices: Zomato. Trading volumes surged in Zomato as 3. Download Financial Express App for latest business news.
Written by FE Online. Updated: July 23, pm. Zomato ended the initial day of trade on the stock exchanges in the green. Image: Zomato Twiiter. On opening, Zomato shares hit 20 per cent upper circuit at Rs , nearly doubling IPO investors money. The total market capitalisation of the online food ordering platform stood at Rs 98, crore on the closing bell, down from Rs 1 lakh crore earlier in the day. In traded volume terms, lakh shares have exchanged hands on BSE, while The mega public issue of the food-tech unicorn saw a subscription of over 38 times, receiving a robust response from all pockets of investors.
Zomato has a lot of room for growth. Zomato ends first day of trade. More homegrown startups to list soon. Positive with long-term view. Tribute to Indian entrepreneurship. Zomato trumps Info Edge in M-cap. Why Rakesh Jhunjhunwala is not keen on Zomato? People were worried on steep valuations but stock market IPOs works on sentiment than valuations. Zomato shares overpriced? Valuation guru Aswath Damodaran estimates true value at Rs 41 only. Book part profits; buy back if you get an opportunity for reinvestment.
Hold the remaining portion for long-term; massive growth opportunity for Zomato in coming yrs. Zomato IPO allottees must book partial profit. Zomato must demonstrate improvement in profitability in coming quarters. Zomato investors must continue to hold while for fresh investment look for declines. Zomato IPO allotees book partial profits. Zomato performance boosted by Jubilant FoodWorks Q1 results.
Never been so excited and indifferent at the same time: Deepinder Goyal. Zomato share price in noon deals. Zomato allotted investors book partial profits, wait for a strong dip below to start accumulating again. Not a historical moment, Deepinder Goyal says. Zomato a good bet from long term perspective.
Zomato, first-of-its-kind listing in markets. Zomato: Short-term investors can book listing gains and exit; long-term investors can book partial profits. Wait and watch how the competitive landscape evolves for Zomato. FY21 numbers are skewed, a lot of restaurants are dependent on platforms for their survival. Zomato share price hit 20 per cent upper circuit at Rs on BSE, soon after bumper listing.
Trading volume surges in Zomato shares. More Stories on. Follow us on facebook twitter instagram telegram. Latest News. How Roman Abramovich was forced to sell Chelsea in fall from grace. Ford joins First Movers Coalition, moves a step ahead to carbon neutrality.
Indian Bank declares 3 accounts with exposure worth Rs cr as fraud. Most Read. The proceeds from the fresh issue will be used towards funding organic and inorganic growth initiatives and for general corporate purposes, according to the information in the red herring prospectus. Link Intime India is the registrar of the issue. The anchor portion is likely to open on Tuesday, July 13, , one working day prior to the opening date for the public offer, the share allotment is likely to take place on July 22, , and the shares are expected to be listed on July 27, Must Read.
Investors who wish to subscribe to Zomato's IPO can bid in the lot of equity shares and multiples thereof. Premium Anek movie review: Ayushmann Khurrana, Andrea film swings between convict Top News Right Now.
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In India, They were available in cities across India as of December 31, , with , verified restaurant listings. While they have a presence in 23 nations other than India as of December 31, , they have made the business decision to concentrate their efforts just on the Indian market going ahead. Several investors have contributed to their success, and they have raised over million dollars in investment to date.
With a billion dollar asset value in , Zomato was designated as a unicorn, and its value has since doubled. Zomato also offers services to the entire food supply chain, such as:. By spending a membership fee, their clients become Pro Members. Pro Restaurant Partners can use the programme to advertise themselves to a targeted audience.
They have 1. Their delivery partners play an important role in their community. In December , they had , operational delivery partners, and they are the backbone of their meal delivery company. Their delivery partners, who carry and wear Zomato branded clothing, help us to provide a realistic service to their consumers, improve brand recognition, and develop strong brand recognition. Their delivery partners, they think, work with them because they provide them with clear and flexible earning options.
According to drhp filed by the company to SEBI , the firm is ready to be the first across a rising tribe of Indian tech startups seeking a listing this year. There is a fresh issue of cr. The issue may list in 23 July Nevertheless, the status of the allotment has yet to be revealed. Zomato IPO is looking promising for long term investors.
Whereas listing gain will be decent if Overall stock market remain bullish till the date of listing. There are no publicly traded firms in India with a range of products and services equivalent to theirs, or a scale of operations comparable to theirs.
We hope we are able to answer all your questions about Zomato IPO. The Kostak Rate is the profit earned by selling an IPO application in an off-market transaction to somebody else before the issue is allotted or listed. Do not subscribe to an IPO based solely on the premium price, as it may alter at any time before to the listing. Only consider the fundamentals of the companies when subscribing.
We do not engage in grey market trading or facilitate the purchase or sale of IPO forms. This is a technique for dealers to help consumers who wish to sell their home before it goes on the market. This is also a way to increase the listing fee and provide help for the issue prior to the listing. In the IPO grey market, there are two types of transactions that take place:. This could be correct or incorrect, implying that the grey market trading price is greater or cheaper than the issue price, depending on demand and supply for the stocks.
Typically, individuals who do not want to incur the risk of their shares not being allocated through an IPO can purchase shares on the grey market in the hopes of flipping them on the IPO for a profit. The Kostak price is significant primarily before the offer is closed for subscription and the ultimate bidding status is made accessible to IPO participants.
After the final auction status is known to investors, only a small percentage of IPO applications are exchanged. The Kostak rate is the fee received by an investor who sells his or her IPO application on the grey market. Regardless of allotment status, this is the money an individual stands to gain. The money that an investor stands to gain by selling his or her application for firm allotment is referred to as the subject to Sauda.
Firm allocation is the important operative phrase here. What makes the IPO special is that Zomato will be the first Indian online food aggregator and one of the first Indian unicorn startups to go public. No wonder all the hype! A food directory turned online food aggregator, Zomato was incorporated in in Gurgaon. They connect restaurant partners, delivery partners, and customers via their new-age, innovative technology platform to cater to their various needs.
As of Mar , RedSeer revealed that Zomato is one of the leading food services platforms in India in terms of the value of food sold. They were operational in Indian cities and had 3,89, active restaurant listings. Under the B2B segment, Zomato lists regional restaurants on their platform and gives them much-needed visibility. They also provide their restaurant partners with sector-specific marketing tools to grow their food business by capitalising on customer engagement and customer acquisition.
In addition to this, Zomato also provides restaurant partners with last-mile food delivery service. Offerings under this segment include facilities to find and discover listed restaurants, doorstep food delivery, dine-out services, and table booking. In addition, customers can also read and write reviews, add images of food and restaurants, and make payments for dining out at restaurant partners. Customers also have an option to subscribe to Zomato Pro, a customer loyalty program.
The company is professionally managed and thus has no promoters. As of 6 th Jul, the company had 74 shareholders some of which are:. Zomato plans to use the IPO proceeds to fund organic and inorganic growth initiatives and for other general corporate purposes.
Rs. 1 per equity share. IPO Price Band. Rs. 72 to 76 per equity share.