Sebi Approved Another Most Awaited IPO "ZOMATO"
Company ready to offer equity shares up to Rs 8,250 crore (nearly $1.1 billion).
Zomato is an Indian multinational restaurant online food ordering backed by the shared of Info edge(18.6%), Uber (9.1%), Alipay singapore (8.3%), Atfin singapore(8.2%).
company founded by Pankaj Chaddah and Deepinder Goyal provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in various countries.
Zomato offers total shares worth Rs. 8,250 Cr which includes fresh issue of Rs. 7,500 Cr and Offer for sale to its existing investor Info Edge for Rs. 750 Cr.
Strengths and Weakness for this IPO:
> Company delivering its services for 526 cities in india packed with 3.5 lakhs restaurants. Globally its presence is in 23 countries currently
> Increasing revenues Y-O-Y (March 2018 / March 2019 / March 2020 > 487 Crores / 1398 Crores / 2743 Crores)
> Increasing operating expenses
> Net losses increasing Y-O-Y (March 2018 / March 2019 / March 2020 > -107 Crores / -1010 Crores / -2386 Crores)
> Current Covid situation can impact the business