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Zomato IPO News

28 Dec 2022

I made Rs 2.25 cr within 8 minutes of Zomato IPO opening: Ashneer Grover

In his memoir 'Doglapan', Grover said that with the IPO being oversubscribed more than 30 times, he got an allotment of shares worth over Rs 3 crore.

27 Jul 2022

Zomato shares up nearly 7% as analysts project bigger order volumes

Ant Group-backed Zomato made a strong debut on the Mumbai market last year, but concerns about its valuation have brought down its market value by about 68% since then.

25 Jul 2022

Zomato shares fall to their lowest levels as lock in period ends

As per reports, Zomato`s total paid up capital of the one year overhang is around 78 per cent and market experts were expecting Zomato shares to sell-off this week.

11 Aug 2021

Zomato's losses tripled since IPO, revenue up 28%

Zomato witnessed bumper IPO last month. It has reported a significant loss in Q1. Zomato reported a net loss of $48 million in June quarter.

23 Jul 2021

Zomato delivers impressive listing gains, but should you hold or sell?

Experts are suggesting to hold the stock. On the first day of trade, Zomato shares closed at Rs 125.85. Zomato’s stellar debut is a testimony to investors’ growing confidence in new-age companies.

23 Jul 2021

Zomato CEO Deepinder Goyal takes charge of Rs 1 lakh crore company

As it got listed, the shares of Zomato surged nearly 53 per cent in its debut trade against its issue price of Rs 76. Zomato CEO Deepinder Goyal wrote a letter to the shareholders and thanked each and every startup for laying the foundations of becoming an internet giant and using it to the fullest. The inception of this idea came after they found that there is no such platform that can become a one-stop-shop for restaurant recommendations or provide reviews for restaurants.

23 Jul 2021

Here’s what Zomato CEO Deepinder Goyal said in a letter to shareholders

The stock made its debut at Rs 115, reflecting a huge gain of 51.31 percent against the issue price on the BSE. At the NSE, it got listed at Rs 116, registering a premium of 52.63 percent. The IPO had opened for subscription on July 14, in a price band of Rs 72-76 per share.

23 Jul 2021

Zomato makes a strong stock market debut, shares list at Rs 116

Zomato’s total market capitalisation stood at Rs 90,219.57 crore. Zomato becomes the first Indian unicorn to go public and will be followed by other startups including PayTm, Policy Bazaar, among others. The company fixed the price at the higher end of the offer band of Rs 72-76 for 71.92 crore shares.

23 Jul 2021

Zomato set to make stock market debut on July 23

The company fixed the price at the higher end of the offer band of Rs 72-76 for 71.92 crore shares. The Zomato IPO comprised a fresh issue of equity shares worth Rs 9,000 crore and an offer-for-sale (OFS) worth Rs 375 crore. Zomato has said it will utilise the IPO proceeds for funding organic and inorganic growth initiatives and general corporate purposes.

23 Jul 2021

Zomato shares to list early on Friday, will they deliver listing gains?

The company fixed the price at the higher end of the offer band of Rs 72-76. The IPO of Zomato was India's biggest initial share sale offer since March 2020. Institutional buyers or QIBs bid almost 52 times the quota reserved.

13 Jul 2021

Zomato IPO opens on July 14: Key things to know

Zomato is looking to raise Rs 8,250 crore and offering Rs 72-76 per share with multiples of 195. The Ant Group-backed food ordering platform has seen significant growth in the last few years with Zomato and Swiggy competing head-on to grab market share. The Gurugram based startup plans to use the proceeds for organic and inorganic growth and other corporate deals.

11 Jul 2021

Zomato gets IPO listing, Here's a quick look at the startup’s topsy-turvy ride

Zomato is planning to raise Rs 8,250 crore and offering Rs 72-76 per share with multiples of 195. Zomato's FY20 revenue had jumped over two-fold to $394 million (around Rs 2,960 crore) from the previous fiscal. In February, Zomato had raised $250 million (over Rs 1,800 crore) in funding from Tiger Global, Kora and others.

09 Jul 2021

Now you can order groceries from Zomato app

Zomato has fixed a price band of Rs 72 to 76 per share for the IPO, which will open for subscription from July 14 to 16. The total IPO size is Rs 9,375 crore, comprising a fresh issue of equity shares worth Rs 9,000 crore and an offer-for-sale to the tune of Rs 375 crore by Info Edge (India) Ltd, Zomato said. In February, Zomato had raised $250 million (over Rs 1,800 crore) in funding from Tiger Global, Kora and others, valuing the online food ordering platform at $5.4 billion (around Rs 40,000 crore).

28 Apr 2021

Zomato files papers for Rs 8,250 crore IPO

Zomato revenue in FY20 jumped over two-fold. Revenue around Rs 2,960 crore. Online food delivery segment seen significant growth.

23 Feb 2021

Zomato raises Rs 1,800 crore from five investors

The new valuation marks an increase from $3.9 billion valuation of Zomato in December. Five investors are Kora, Fidelity, Tiger Global, Bow Wave and Dragoneer. Zomato is preparing for its IPO later this year.

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