Share Market Trending – Zomato’s IPO Will Come Next Week, Keep Money In The Account Ready – If you’re expecting the IPO of food delivery company Zomato, then there’s excellent news for you. Zomato’s IPO is opening next week only on July 14.
Share Market Trending – Zomato’s IPO Will Come Next Week, Keep Money In The Account Ready
The company has given this information within the red herring prospectus being prepared for the IPO. This offer will close on 16th July. So if you’re thinking of creating money by investing in Zomato IPO, then keep money ready in your account.
The company is getting to raise Rs 9,375 crore through IPO. Under this, new shares worth Rs 9,000 crore are going to be issued, while a suggestion purchasable (OFS) of Rs 375 crore are going to be issued to Info Edge Company.
what will be the worth
The company has kept the worth band of Rs 72 to 76 per share for this IPO. The lot size for this may be 195 shares. That is, the investor can invest for a minimum of 195 shares. during this way, you’ll need to keep an amount of about 15 thousand rupees ready in your account for investing in Zomata’s IPO.
It is worth noting that in February this year itself, Zomato had raised an amount of $ 250 million under Pre IPO Fund Raising from several investors like Quora Management, Tiger Global, Fidelity, Dragoneer and Bow Wedge. In April this year, Zomato had filed the Red Herring Prospectus Draft (DRHP) for the IPO.
The company is currently in loss
The company had a consolidated loss of Rs 2,385.6 crore within the financial year ended March 31 this year. However, its income doubled from a year ago to Rs 2,604.7.
Despite the losses, if people are showing interest during this company, then it’s because its business concept is exclusive and it’s expected to grow tons in future.