Zomato

Is the Zomato IPO euphoria sustainable?

There is a big buzz about the Zomato IPO. The online food delivery service has caught the investors’ eye and the Rs 9,375 crore offer has seen over-subscription 38.24 times.

published on : 25th July 2021

Bumper listing for Zomato; shares zoom nearly 66 per cent 

Zomato's initial public offering (IPO) last week ended with a bumper 38 times subscription. The IPO of Zomato was India's biggest initial share sale offer since March 2020.

published on : 23rd July 2021

Bumper debut for Zomato, shares list with nearly 53 per cent premium

The stock made its debut at Rs 115, reflecting a huge gain of 51.31 per cent against the issue price on the BSE.

published on : 23rd July 2021

Zomato enters the stock market with a bang

It almost hit the upper circuit (Rs 139.20)within the first 10 minutes of its listing but then witnessed profit booking. At around 10.20,  the stock was trading in the range of Rs 130-132. 

published on : 23rd July 2021

Swiggy raises USD 1.25 billion from SoftBank, others

This comes close on the heels of the closure of competitor Zomato's mega initial public offering (IPO) which gives Zomato a valuation of Rs 64,365 crore.

published on : 20th July 2021

Zomato CEO Deepinder Goyal joins Magicpin Board as independent director

Founded by Anshoo Sharma and Brij Bhushan in 2016, Magicpin connects hyperlocal merchants and brands with consumers.

published on : 19th July 2021

Zomato IPO subscribed by 38.25 times on closing

Zomato’s IPO was subscribed almost five times on the second day and 1.05 times at the end of the first day of the issue.

published on : 17th July 2021

Zomato IPO fully subscribed on day 1, bids received for 75.56 crore equity shares

Zomato had already raised Rs 4,196.51 crore from 186 anchor investors on July 13, a day before the issue opening

published on : 14th July 2021

Experts divided over Zomato IPO debut show

The much-anticipated IPO (initial Naveen Kulkarni, Chief Investment Officer, Axis Securities, said, 'We expect the company to breakeven at operating levels in FY22, making the IPO more lucrative.'

published on : 14th July 2021

Paytm Money allows users to apply for IPOs before actual opening; starts with Zomato

The conventional application process for IPOs was designed around timings, and till date, users are able to apply for an IPO only during select market hours over a window of three days.

published on : 12th July 2021

Why you should take note of IPOs like Zomato

Sooner than later, they may get into benchmark indices like the Sensex or the Nifty. That is what drives a lot of long-term investors like mutual funds and pension funds to invest.

published on : 12th July 2021

Zomato trading at 20 per cent premium in grey market; experts upbeat on IPO

A day after Zomato formally announced the launch date and details of its upcoming IPO, its shares are trading at a premium of over 20% in the grey market.

published on : 10th July 2021

Can Zomato shift food consumption demography?

With a mere 8-9% restaurant penetration in India, compared to 53% in China and 35% in the US, food delivery player Zomato is aiming to change the food consumption demography in India.

published on : 9th July 2021

Zomato's Rs 9,375 crore IPO to open on July 14 for subscription

The food ordering platform had received markets regulator Sebi's go-ahead for the initial public offer.

published on : 8th July 2021

Zomato's Rs 9,375-crore IPO to list on July 14; valuation may cross Rs 65,000 crore

Zomato has proposed to open its bid offer for institutional/ retail investors on stock exchanges from July 14-16, earlier than the proposed dates, signalling a peaked interest from the market. 

published on : 8th July 2021
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