Zomato IPO: Opportunity to earn big money through this IPO from July 14, so much money will have to be invested

zomato ipo

The country’s much-awaited food delivery platform Zomato’s IPO will open on July 14. This will be the IPO to enter the ranks of the top 100 most valuable listed companies on the Indian stock exchanges. Through this, investors can earn good money. The price band of the IPO has also been fixed by the company, which will be between Rs 72-76. It will open on 14th July and close on 16th July.

According to the firm, its issue price has been fixed at Rs 72-76 per share. This includes an offer for sale of ₹375 crore by Info Edge, the company’s initial investor, and a fresh issue of shares worth ₹9,000 crore. The stock is likely to be listed on the exchanges on July 27. Zomato will have a post-money valuation of ₹59,623 crore, placing it at the 79th position among the top 100 Indian listed companies by market capitalization.

The company plans to raise Rs 9375 crore through IPO. The company was earlier scheduled to issue the issue on July 19. However, now the company is launching the issue 5 days in advance due to the market remaining at record levels and better results of domestic signals.

Company’s performance so far

If we look at the financial data of Zomato, the revenue of Zomato in the first three quarters of FY 2021 was Rs 1,367 crore. While the expenditure was around Rs 1,724 crore. So he suffered a loss of Rs 684 crore. Zomato’s revenue grew by 96% in FY20 from Rs 1,398 crore in FY2019 and Rs 2,743 crore in FY2020. Zomato has received at least 403 million online orders with a gross order value of Rs. 11,221 crore during the financial year 2020. Last year, Zomato provided delivery services in around 500 cities across India with over 2 lakh delivery partners.

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