Zomato Ltd. IPO
Zomato Ltd.
IPO Listing Details
Listed On
BSE & NSE
Listed On
Issue Price
₹76
Issue Price
Listing Price
₹115
Listing Price
Listing Gains
+₹39.00 (+51.32%)
Listing Gains
IPO Details
Bidding Dates
14 Jul - 16 Jul '21
Bidding Dates
Min. Investment
₹14,040
Min. Investment
Lot Size
195.00
Lot Size
Price Range
₹72 - ₹76
Price Range
Issue Size
8,882 Cr
Issue Size
Subscription Rate
- Retail Individual Investor7.45x
- Non-Institutional Investor32.96x
- Qualified Institutional Buyers51.79x
- Employees0.62x
About Company
Zomato was originally founded as Foodiebay in 2008 by Deepinder Goyal and Pankaj Chhadah. In 2010, it was renamed to Zomato Media Private Limited. The primary business of Zomato is to aggregate restaurants and provide food delivery services. This process is done by connecting restaurants and customers and delivery agents through an online platform. Apart from food delivery services, Zomato runs a subscription program for its customers and it supplies rich food ingredients and products to restaurant partners. Currently, Zomato serves 24 countries and 10000+ cities across the world.
Zomato Ltd. IPO Latest News and Subscription Status Today (Live)
The subscription of Zomato IPO shares started on 14th July 2021 and ended on 16th July 2021. The company claims to utilise the amount raised through IPO to fund organic and inorganic growth initiatives and meet general corporate requirements.
Why should you invest in Zomato Ltd. IPO?
The market base of Zomato is huge and the demand for the food industry hardly ever comes down. Having that said, the company uses the latest technologies such as artificial intelligence, machine learning, and applies data science techniques to keep its platform top notch. They are one of the big and the oldest players in this industry with both B2C and B2B business verticals.
Zomato Ltd. IPO - SWOT Analysis
Strengths:
At the time of the IPO,they had a huge base of 1,69,802 delivery partners, 3,89,932 restaurant listings, and 1,48,384 delivery restaurants. They serve 525 cities in India and have presence in 23 other countries across the globe. Their Zomato Pro subscription was a success with more than 15 lakh active subscribers.
Weaknesses:
Though the revenue of the company has increased in the last three consecutive years, the losses have increased. The company's financial statements show that increased operational expenditure has caused the losses.
Opportunities:
There is a lot of scope remaining for further expansion for the company. As Zomato has previously done, it can again acquire similar vertical businesses to capture new markets.
Threats:
Zomato faces tough competition from Swiggy in India. Even the individual restaurants are coming up with their respective apps and websites with exciting offers to attract customers on their home apps.
How to apply for Zomato Ltd. IPO?
You can apply for the Zomato Ltd. IPO in these ways:
UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
Demat Account
1. If you are an Existing TradeSmart demat account holder and wish to apply for an Zomato Ltd. click here.
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