Expert’s Take
“Not expecting very significant listing gains for Zomato but given the strong institutional appetite for the company, won’t be surprised to see some buying frenzy in the initial few days post listing,” said Himanshu Nayyar, Lead Analyst – Institutional Equities at Yes Securities.
Zomato IPO updates: The initial public offering of Zomato has been subscribed 28.66 times on July 16 so far, the third day of bidding.
The offer has received bids for 2,061 crore equity shares against IPO size of 71.92 crore equity shares, the subscription data available on the exchanges showed.
The retail investor portion has been subscribed 7.04 times, while non-institutional investors have put in bids for 23.16 times against their reserved portion.
The portion set aside for employees is subscribed 53 percent and that of qualified institutional buyers (QIBs) subscribed 39.09 times.
Zomato Will Be A Long-term Compounding Story Instead Of Multibagger One: Vinit Bolinjkar Of Ventura Securities
The companies, like Zomato, who are reporting negative EBITDA but has a strong top-line should be valued at an enterprise value (EV) to sales, which is a globally accepted valuation metric.
Zomato IPO updates: The initial public offering of Zomato has been subscribed 26.20 times on July 16 so far, the third day of bidding.
The offer has received bids for 1,884 crore equity shares against IPO size of 71.92 crore equity shares, the subscription data available on the exchanges showed.
The retail investor portion has been subscribed 7.03 times, while non-institutional investors have put in bids for 19.58 times against their reserved portion.
The portion set aside for employees is subscribed 53 percent and that of qualified institutional buyers (QIBs) subscribed 36.32 times.
Zomato IPO updates: The initial public offering of Zomato has been subscribed 22.01 times on July 16 so far, the third day of bidding.
The offer has received bids for 1,583.23 crore equity shares against IPO size of 71.92 crore equity shares, the subscription data available on the exchanges showed.
The retail investor portion has been subscribed 6.99 times, while non-institutional investors have put in bids for 15.41 times against their reserved portion.
The portion set aside for employees is subscribed 50 percent and that of qualified institutional buyers (QIBs) subscribed 30.68 times.
Zomato IPO updates: The initial public offering of Zomato has been subscribed 21.02 times on July 16 so far, the third day of bidding.
The offer has received bids for 1,512.12 crore equity shares against IPO size of 71.92 crore equity shares, the subscription data available on the exchanges showed.
The retail investor portion has been subscribed 6.82 times, while non-institutional investors have put in bids for 14.60 times against their reserved portion.
The portion set aside for employees is subscribed 49 percent and that of qualified institutional buyers (QIBs) subscribed 29.31 times.
Zomato IPO updates: The initial public offering of Zomato has been subscribed 18.50 times on July 16 so far, the third day of bidding.
The offer has received bids for 1,330.32 crore equity shares against IPO size of 71.92 crore equity shares, the subscription data available on the exchanges showed.
The retail investor portion has been subscribed 6.54 times, while non-institutional investors have put in bids for 13.61 times against their reserved portion.
The portion set aside for employees is subscribed 45 percent and that of qualified institutional buyers (QIBs) subscribed 25.22 times.
Zomato IPO updates: The initial public offering of Zomato has been subscribed 16.71 times on July 16 so far, the third day of bidding.
The offer has received bids for 1,201.7 crore equity shares against IPO size of 71.92 crore equity shares, the subscription data available on the exchanges showed.
The retail investor portion has been subscribed 6.47 times, while non-institutional investors have put in bids for 11.16 times against their reserved portion.
The portion set aside for employees is subscribed 44 percent and that of qualified institutional buyers (QIBs) subscribed 23.16 times.
Zomato IPO updates: The initial public offering of Zomato has been subscribed 15.30 times on July 16 so far, the third day of bidding.
The offer has received bids for 1,100.5 crore equity shares against IPO size of 71.92 crore equity shares, the subscription data available on the exchanges showed.
The retail investor portion has been subscribed 6.35 times, while non-institutional investors have put in bids for 10.20 times against their reserved portion.
The portion set aside for employees is subscribed 42 percent and that of qualified institutional buyers (QIBs) subscribed 21.08 times.
Zomato Will Be A Long-term Compounding Story Instead Of Multibagger One: Vinit Bolinjkar Of Ventura Securities
The companies, like Zomato, who are reporting negative EBITDA but has a strong top-line should be valued at an enterprise value (EV) to sales, which is a globally accepted valuation metric.
Zomato IPO updates: The initial public offering of Zomato has been subscribed 14.24 times on July 16 so far, the third day of bidding.
The offer has received bids for 1,023.84 crore equity shares against IPO size of 71.92 crore equity shares, the subscription data available on the exchanges showed.
The retail investor portion has been subscribed 6.24 times, while non-institutional investors have put in bids for 7.96 times against their reserved portion.
The portion set aside for employees is subscribed 42 percent and that of qualified institutional buyers (QIBs) subscribed 20.26 times.
Shankar Sharma, co-founder and vice-chairman, First GlobalThe retail frenzy with respect to Zomato IPO is that it has touched people’s lives – so there is familiarity with the name and to that extent, people want to participate. How ill that work out will be a very interesting question.Zomato is a concept stock because it is still a loss-making company. Indian market typically is stringent about profitability and India does not have a great history of rewarding companies which make losses.
