Changes for page Zomato

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  = Company Overview =
--Zomato was launched in 2010, The company's technology platform connects customers, restaurant partners and delivery partners, serving their multiple needs. Customers use its platform to search and discover restaurants, read and write customer generated reviews and view and upload photos, order food delivery, book a table and make payments while dining-out at restaurants. On the other hand, the company provide restaurant partners with industry-specific marketing tools which enable them to engage and acquire customers to grow their business while also providing a reliable and efficient last mile delivery service. The company also operate a one-stop procurement solution, Hyperpure, which supplies high quality ingredients and kitchen products to restaurant partners. The company also provide its delivery partners with transparent and flexible earning opportunities.{{footnote}}https://www.zomato.com/who-we-are{{/footnote}}
++Zomato (NSE: ZOMATO) was launched in 2010, The company's technology platform connects customers, restaurant partners and delivery partners, serving their multiple needs. Customers use its platform to search and discover restaurants, read and write customer generated reviews and view and upload photos, order food delivery, book a table and make payments while dining-out at restaurants. On the other hand, the company provide restaurant partners with industry-specific marketing tools which enable them to engage and acquire customers to grow their business while also providing a reliable and efficient last mile delivery service. The company also operate a one-stop procurement solution, Hyperpure, which supplies high quality ingredients and kitchen products to restaurant partners. The company also provide its delivery partners with transparent and flexible earning opportunities.{{footnote}}https://www.zomato.com/who-we-are{{/footnote}}
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--== Zomato IPO Allotment, Listing Date ==
++== Zomato IPO listing ==
++India's leading food delivery company Zomato made a stellar debut on Dalal Street on July 23 as the stock opened at Rs 116 on the NSE, a 52.63 percent premium to its final offer price of Rs 76. The listing price on the Bombay Stock Exchange was at Rs 115, up 51.32 percent. {{footnote}}https://www.moneycontrol.com/news/business/ipo/zomato-ipo-listing-food-delivery-giant-crosses-rs-1-lakh-crore-m-cap-after-stellar-debut-with-nearly-53-premium-7210471.html{{/footnote}}
--July 22, 2021; The online food delivery platform is likely to disclose the initial public offering share allotment on Thursday, i.e. July 22. This comes after Zomato finished its IPO subscription process last week. {{footnote}}https://www.india.com/business/zomato-ipo-allotment-listing-date-direct-link-to-check-ipo-allotment-status-4832896/{{/footnote}}
++The stock closed at Rs 125.85 on BSE, up 65.59 percent with respect to the issue price, while on NSE, the stock closed at Rs 125.30, up 64.87 percent against the stock's issue price of Rs 76.
++"The response from institutional investors has been strong. This suggests that the overall float available for trading might be limited leading to a higher GMP. We issued a *Subscribe with Caution* rating for this IPO, keeping in mind the long investment horizon required for high-growth companies that are currently loss-making," said Rajnath Yadav, Research Analyst at Choice Broking.
--**Zomato IPO Allotment Date, Zomato IPO Listing Date**
++"For retail investors who have the capacity to hold for a long term, we would recommend they hold on to their investment. While investors with shorter time constraints can sell if they see listing gains. Our outlook for Zomato is positive in the long run," he added.
--* Zomato IPO allotment date is on July 22, 2021.
--* Zomato IPO initiation of refunds is on July 23.
--* The credit of shares to demat account will be finalised on July 26.
--* Zomato IPO listing date is likely to be on July 27, 2021. The shares Zomato will be listed on BSE and NSE.
++The share price moved to Rs 138 intraday after listing at Rs 116 against the final offer price of Rs 76.
--**Zomato IPO Details**
++"Despite the large size of IPO at Rs 9,375 crore and rich valuations, Zomato saw healthy overall subscription of 38x. There is lot of fancy for such unique and first of its kind listing in the market,' said Sneha Poddar, Research Analyst, Broking & Distribution, Motilal Oswal Financial Services.
--The size of Zomato’s initial public offering was Rs 9,375 crore. Out of the total fresh issue of shares worth Rs 9,000 crore. Zomato IPO has an offer for sale of Rs 375 crore.
++"It enjoys couple of moats and with economics of scale started playing out, the losses have reduced substantially. Though, predicting the growth trajectory at this juncture is little tricky, but it’s a good bet from long term perspective,” she added.
--Zomato IPO was subscribed 51.79 times in qualified institutional buyers (QIB) category, 32.96 times in non-institutional investors (NII), 7.45 times in RII segment, and 0.62 times in employee segment. Overall, Zomato IPO was subscribed 38.25 times.
++The market capitalization of the company has crossed Rs 1 lakh crore mark, as it stood at Rs 1,08,067.35 crore after a stellar debut on Dalal Street, racing ahead of IOC, BPCL, Shree Cements.
--Zomato IPO had a market lot of 195 shares and minimum order quantity of 195 shares. It had an IPO price of Rs 72 to Rs 76 per equity share.
++The Rs 9,375-crore initial public offering, which opened for subsciption during July 14-16, had seen a stellar response from investors with 38.25 times subscription - highest in last 13 years among IPOs valued more than Rs 5,000 crore each.
++Largely, the listing was in line with analysts' expectations despite rich valuations. First listing in the food delivery segment, positive market sentiment, healthy demand from investors, consistency in gaining market share, and expected improved financial performance attributed to the debut premium.
--**Zomato IPO Allotment Status Check**
--Investors need to go to [[https:~~/~~/www.bseindia.com/investors/appli_check.aspx>>url:https://www.bseindia.com/investors/appli_check.aspx]]. After that you need to select Equity, enter Issue Name, Application Number, and PAN Number. Once you enter these details, you will get to know the Zomato IPO Allotment Status.
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  = References =
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