Zomato IPO: Markets regulator SEBI has approved the issue of Zomato. The company is preparing to raise Rs 7500 crore from its IPO. This includes fresh issue as well as offer for sale. Info Edge, which holds the largest stake in Zomato, was earlier about to sell stake for Rs 750 crore. However, now Infoage has reduced it by 50 per cent to Rs 375 crore.
Zomato’s IPO will be the second biggest issue in the last 4 years. Earlier the issue of SBI card had come.
In such a situation, the biggest question is whether investors should invest in this most wanted stock.
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According to CNBC-TV18, according to Deepak Shenoy, founder of CapitalMind, an IPO of a tech-based company is new in the market. Shenoy is very excited about this opportunity. He said, “It is a very good company in this segment. And I like this company. I would like to invest in this issue both from a user and investor point of view.”
“We like technology companies. I would invest in this because it is a tech-based company. Its app lets you track deliveries and that changes the dynamic of the industry,” he said.
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The company’s business is growing rapidly and in the lockdown, the company has also changed its business model.
He said, “The company has become profitable on a per order basis. This has happened in 5-10 years. The company’s market is likely to grow rapidly in Tier-II and Tier-III cities. The company will have further profits. “
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