Much awaited Zomato IPO(Initial public offering will be open for subscription from 14th July till 16th July.
Zomato is one of the biggest food delivery companies. It’s popular application where people across India buy food online. Its popularity grew manifold during pandemic time. It was actually savior to people who were stuck inside their homes and wanted to eat out. Zomato just bridged this gap for both the food providers and the consumers.
Definitely it has become an integral application in everyone phone Looking at its popularity, It’s IPO is slated to be oversubscribed.
Financials and Price Band
The public offering of Rs.9,375 comprises of fresh issuance of equity share worth Rs 9,000 crore.
The price band per share is Rs.72 -76, investors can buy minimum of 195 share. So a minimum investment of Rs 14,820 has to be made considering upper slab of Rs.76 per equity share.
There was a sharp increase in food delivery giant’s revenue Rs 1,398 crore in FY19 to Rs 2,743 crore in FY20.
Hence it’s great opportunity to invest here and improve your portfolio