BSE – Bombay Stock Exchange

Live Stock Rates

Live Market Updates

Most awaited Zomato’s IPO

After SBI Cards and Payment Services, Zomato’s IPO is considered to be the largest hit on Dalal Street. Zomato said that the IPO will be a combination of fresh issue of equity shares and an Offer For Sale (OFS) by existing shareholder Info Edge Ltd who is the parent firm of Naukri.com.
After closing a $660 million funding round at a post-money valuation of $3.9 billion, Zomato will be raisingRs 8,250 crore, of which Rs 7,500 crore is going to be a fresh issue and remaining Rs 750 crore will be an Offer For Sale by Info Edge. Credit Lyonnais Securities Asia believes that profits will expand with the increase in volumes contributing to the company’s profits.

Leave a Reply

Your email address will not be published. Required fields are marked *