- Zomato’s IPO was well received by retail buyers, with a 1.05x first-day signing.
- 7.56 billion shares were subscribed for on an IPO volume of 71.92 billion shares.
The IPO of this company took place on July 14
The campaign was held in the capital and the workers were able to learn more about the campaign.The share of workers is 18% and the share of consumers of certification bodies is 98%.
On July 13, a day before the scheduled IPO, the company raised Rs. 419,651 from 186 large investors.The IPO was also launched in several ways. The valuation range of the company is set at Rs 72-76 per share.
The food group will use the proceeds from this modern challenge for natural and inorganic development initiatives (Rs. 6,750 million) and regular corporate functions.
B2C and B2B Options
Zomato has two B2C options – food delivery and catering services – and a B2B service called Hyperpure. Another important component is Zomato Professional, a customer loyalty program. It covers all restaurant and out-of-home dining offerings.
As of March 2021, Zomato had 3,89,932 active restaurant listings across 525 cities in India and 23 international locations outside India.
“But an estimate of 25x EV/sales in FY21 versus 10x for our global friends and 12x for Indian fast-food restaurants (QSRs) seems very expensive under standard metrics. The brokerage commented that there is a positive element in the IPO filing.
The brokerage also commented, “The current enthusiasm should bring some expected positives, but we will wait for more detailed guidance in the following quarters on capital allocation plans, positive earnings and unit economics to present a more nuanced fundamental view of the company. We may have to wait,” he said.
The long-awaited IPO of Zomato, the local restaurant tech unicorn, has finally come to fruition. The three-day offering opened today and the IPO price is between £72 and £76 per share.
Thanks to overwhelming support from retail investors, Zomato’s IPO was oversubscribed on the first day of trading. What I’m trying to say is that if you… Read more If you’re my friend, I hope you’ll take good care of me.
This is a great opportunity for you to get to know us better and learn more about our company. We have taken a number of initiatives to overcome this situation. The part prepared for the workers was filled by 0.8 copies (18%).
On Tuesday, Zou announced that it had raised 419.6 billion yen from a number of leading institutional investors in its Anchor e-book offering. The company allocated 552.17 million shares at fair value to Anchor buyers at a price of £76 per share. The Singapore government, BlackRock, Goldman Sachs and Abu Dhabi Fund Authority are the buyers involved in securing the e-book.
The Singapore government, BlackRock, Goldman Sachs and Abu Dhabi Fund Authority are the buyers involved in securing the e-book. These are just a few of the buyers involved in anchoring the e-book. The challenges have been many.