Is investing in zomato IPO profitable?
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Is investing in zomato IPO profitable?
But that did not matter for the investors and they gave a huge thumbs up to the offer. The just-concluded Zomato Initial Public Offering (IPO) was subscribed 38.25 times. The IPO was to raise Rs 9,375 crore. Unlike most companies that hit the IPO market, Zomato is yet to make profits.
Is it smart to invest in IPOS?
You shouldn’t invest in an IPO just because the company is garnering positive attention. Extreme valuations may imply that the risk and reward of the investment is not favorable at the current price levels. Investors should keep in mind a company issuing an IPO lacks a proven track record of operating publicly.
Zomato is a good value stock and its growth prospects make it a long-term play. However, in the short-term some profit-booking can continue in the stock, said experts.
Is it bad to invest in IPOS?
In an initial public offering (IPO), a private company “goes public,” making its stock available to investors to buy on a stock exchange or over-the-counter market. IPO stock can be a valuable investment, but sometimes investors lose a lot of money.
Is Zomato IPO overvalued?
Not only Jhunjhunwala, but famous valuation expert Aswath Damodaran, Professor of finance at the Stern School of Business said Zomato is a money-losing, cash burning enterprise with overvalued valuation. On his blog — The Zomato IPO : A Bet on Big Markets and Platforms!
When will the IPO window of Zomato open?
The IPO window of Zomato will be open from 14 th July 2021 till 16 th July 2021. The basis of allotment of IPO will be done on 22 nd July 2021, and the listing will take place on 27 th July 2021. The price band of the IPO is fixed at Rs. 72-76 per equity share. An Investor can apply for 195 shares in 1 Lot.
What is the zerzomato IPO offering date?
Zomato is coming up with an IPO of 65 lakh equity shares that aggregates up to ₹9375 crores of which the Fresh Issue is ₹9000 crores while the Offer for Sale is ₹375 cr. The IPO will open on July 14, 2021, and one can subscribe for three days i.e till July 16, 2021.
How to apply for Zomato IPO through Demat?
Zomato IPO Apply. 1 Once you opened a Demat account, log in to the trading platform. 2 Click on ‘IPO’ and then select ‘Zomato IPO’. 3 Submit bids by entering price and market lot. 4 Select the mode of payment and click on Submit button. 5 On allotment, the shares get credited to your Demat account.
Will Zomato’s cost of capital continue to increase?
In the IPO papers filed with markets regulator Sebi, Zomato said it expects costs to increase over time and “losses will continue, given the significant investments it expects to make to grow its business.” (What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets.