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Is Zomato IPO a good investment?
‘No hurry to buy’ Until then, “there’s no hurry to buy” he said. He believes Zomato shares may return to the listing level soon, “in fact almost the issue price”. It may become a stock of traders’ interest where they could just trade in and trade out to make money.
How much is Zomato IPO gain?
The listing price on the Bombay Stock Exchange was Rs 115, up 51.32 percent. The listing gains propelled the market capitalisation of the company to above Rs 1 lakh crore mark, racing ahead of the m-cap of firms such as IOC, BPCL and Shree Cements.
Will Zomato IPO gives Listing gain?
On how much listing gain one can expect from the Zomato IPO Avinash Gorakshkar of Profitmart Securities said, “One can expect 10-15 per cent listing gain from Zomato public offer as its fundamentals are also strong and in the unlock activities, it has limited competitor to claim share in its business pie.” However.
The brokerage has a Buy rating on the stock with a target price of ₹175 apiece. The outlook is bullish as penetration of the food delivery business in India is still low but only aggressive investors are advised to hold this stock amid uncertainty about profitability,” said Parth Nyati, Founder, Tradingo.
Can Zomato turn profitable?
The bright side is that Zomato is seen turning profitable soon. Edelweiss expects it could start turning green in fiscal 2023. But the profits will inch up slowly. To provide context, Zomato shows share premium garnered till March 31, 2021 at Rs 12,856 crore of which Rs 5,600 crore has been eroded due to losses.
How many lots should I apply for Zomato IPO?
13 lots
Zomato IPO Lot Size A retail investor is allowed to invest up to 13 lots, as per details provided by chittorgarh.
What is the price range of Zomato IPO?
Zomato IPO will mark the largest Internet listing in India. The company is offering 123 crore equity shares at a price band of ₹ 72 to ₹ 76 for an IPO size of nearly 10,000 cr. A small portion (265 lakh shares) will be reserved for eligible employees.
The finalization of Basis of Allotment for Zomato IPO will be done on Jul 22, 2021, and the allotted shares will be credited to your demat account by Jul 23, 2021. Check the Zomato IPO allotment status.
What is the zerzomato IPO offering date?
Zomato is coming up with an IPO of 65 lakh equity shares that aggregates up to ₹9375 crores of which the Fresh Issue is ₹9000 crores while the Offer for Sale is ₹375 cr. The IPO will open on July 14, 2021, and one can subscribe for three days i.e till July 16, 2021.
Last heard, unlisted shares of Zomato were commanding a Rs 16.75-17.25 premium in the grey market up from Rs 10 they was commanding just ahead of the issue. NSE 8.83 \% ‘s initial public offering (IPO), the third-highest in Indian capital market history, have pushed the grey market premium of the stock higher, and so is investor excitement.