Zomato ipo subscription grey market

Zomato is one of the top startups of India.

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Zomato ipo subscription grey market

Mutual Funds. ET TV. More Menu. Zomato hits record high, bucking internet stocks' sluggishness Zomato's shares hit a record high as its profitability improves, making it India's most valuable internet stock. Investor sentiment has reversed, and Zomato dominates the food delivery market. Blinkit, its quick commerce business, is expected to drive further growth. The net proceeds will be used for debt repayment, capex funding, and the company owns marine assets and provides port operation services. The company operates four multispecialty hospitals. Revenue grew at Three-month total income was Rs Mukka Proteins IPO opens for subscription. Should you bid? Analysts recommend subscribing due to fair valuations and a unique business model. The issue was subscribed times, driven by strong interest across categories.

Investors should be aware that any investment in equity markets is subject to unpredictable market-related risks.

IPO Status: Listed [ to ]. Zomato was listed on the stock exchange on The IPO was subscribed Open Zerodha Account. InvestorGain is an affiliate of Chittorgarh.

Will investors buy his vision? Why Bhubaneswar has become the new hub for money mules of digital loan sharks. Choose your reason below and click on the Report button. This will alert our moderators to take action. Log out of your current logged-in account and log in again using your ET Prime credentials to enjoy all member benefits. Stock analysis.

Zomato ipo subscription grey market

According to market observers, this slide in the Zomato IPO GMP today is not good for the issue, which is opening for subscription today. However, the market observers maintained that GMP of an IPO is not a concrete indicator of the public issue and people would look at the financials of the company and bid strongly for the initial public offering. But, in my view, one should look at the financials of the company for making any decision in regard to IPO subscription. As there are no listed peers in India, so valuations cannot be compared on a relative basis. We recommend to subscribe this IPO as the company is one of the leading food service platforms in India having recognized consumer brand equity and is well placed to capitalize on the large market opportunity available in India. Milestone Alert!

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Analysts recommend subscribing due to fair valuations and a unique business model. Remove some to bookmark this image. Recommended For You. The IPO was subscribed 8 times. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! After being subscribed 4. Inputs from PTI. Kotak Securities. Before heading into the IPO, Zomato raised over Rs 4, crore Rs 41,96,51,86, from anchor investors in lieu of 55,21,73, equity shares at Rs 76 each on Tuesday, data from the stock exchanges showed. View More Stories. We can help.

During financial year , Zomato was reported to have received over million orders with a gross order value of Rs , million — up from Rs The total income of the company stood at Rs 27, million during the period under review — up against Rs 4,

Already a Member? Angel One. The net proceeds will be used for the purchase of machinery and setting up a new plant, existing manufacturing block upgradation, working capital requirements, and general corporate purposes. Exclusive invites to Virtual Events with Industry Leaders. Muthoot Microfin shares will likely get listed on the exchanges on December There are three key stakeholders in its food delivery business — i Customers, ii Delivery Partners, and iii Restaurant Partners. All Rights Reserved. Subscribe only considering Fundamental of the companies. Zomato IPO key details. In Fiscal , 2, restaurant partners paid for its advertising sales product in India compared to 8, restaurant partners in Fiscal Discover the latest business news , Sensex , and Nifty updates. Zomato shares traded at a premium of Rs , i. IPO received over With the changing dynamics, the need for outside food has seen an increase which gets fulfilled by either going out to the restaurant or ordering food from the restaurants.