Zomato ipo subscription grey market

Zomato is one of the top startups of India.

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Zomato ipo subscription grey market

So, lucky bidders who got Zomato shares allotted today are advised to keep their focus on the Indian bourses when the market opens tomorrow as market observers are expecting strong listing of the public issue. According to market observers, this rise in the Zomato IPO GMP is an indication that market is getting positive to ultra positive about the upcoming public issue. He said that it's an unofficial short-term sentiment in regard to the public offer, which changes in one day as well. Gorakshkar went on to add that gery market involves even those people whose interests are at stakes in the public issue. So, sometimes it can be misleading too, and advised bidders and other market observers to rely on the balance sheet of the company as it gives clear picture about the financial health of the company. Milestone Alert! Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed — it's all here, just a click away! Login Now! Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image. You are now subscribed to our newsletters. Hello User.

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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.

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, Within the food delivery business, the three stakeholders are customers, delivery partners and restaurant partners. Customers: On an average, Delivery partners: Zomato had , active delivery partners during December Restaurant partners: Restaurants are the backbone of this business. On an average, in fiscal , Zomato had , active food delivery restaurants every month. Customers also pay for packaging charges on select orders, which again are passed through to restaurant partners. Tips paid by customers if any are also passed to delivery partners. Zomato also earns advertisement revenue.

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.

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Yes, Continue. The total issue has been subscribed 1. Zomato is one of the top startups of India. Hyperpure is farm-to-fork supplies offering for restaurants in India. Proceeds from the IPO will be used for subsidiary investment, capex, working capital, and investment in Nova Agri Sciences. Elections On Wednesday after the end of the first day of the IPO, Zomato tweeted: "received more love today than on our birthday 4 days ago. The IPO, which raised Rs Mutual Funds. On the other hand, we provide restaurant partners with industry-specific marketing tools which enable them to engage and acquire customers to grow their business while also providing a reliable and efficient last mile delivery service. Unlock a world of Benefits! Request Instant Call Back. Revenue in FY23 was Rs The offer comprises a fresh issue of Rs 9, crore and an offer for sale of Rs crore by Info Edge, a pure play internet company.

Zomato is one of the top startups of India.

Follow us. Sign In now. These benefited once home delivery of food was permitted while restaurants were not allowed to open. Subject to. Yes, Continue. You are now subscribed to our newsletters. We expect better trends in customer adoption and ordering frequency given efforts in changing health perceptions on food ordering, while demographics remain favorable. Zomato is being listed at a revenue multiple of 27x its FY21 revenues whereas global peers trade in the range of x price to sales. Dates will be updated as they are announced. Nova Agri Sciences contributes significantly to Nova Agritech's revenue by manufacturing crop protection products. However, the opportunity and scope of further growth is significant for Zomato. Zomato IPO opens tomorrow. It'll just take a moment. The author does not intend to invest in this offering.