Zomato IPO Live Subscription Status and Recommendations

Live subscription status across each investor category and analyst recommendations
Zomato IPO Subscription

Zomato IPO Subscription Status: FINAL

Zomato Limited, incorporated in 2020, is a leading technology platform that connects customers, restaurant partners, and delivery partners, serving their multiple needs. It is one of the leading Food Services platforms in India in terms of the value of food sold, as of March 31, 2021. During Fiscal 2021, 32.1 million average MAU visited their platform in India.

Investor CategoryQuotaSubscription
Institutional (QIB)75%51.79x
Non-Insti. (HNI)15%32.96x
Retail (RII)10%7.45x
Employee0.62x
Total Subscription100%38.25x

Zomato IPO Subscription: End of Day Update

DayDay 1Day 2Day 3
QIB0.98x7.06x51.79x
HNI0.13x0.45x32.96x
Retail2.69x4.73x7.45x
Employee0.18x0.36x0.62x
Total1.05x4.79x38.25x
Will be updated at EOD each Day

Zomato IPO Subscription: Analyst Recommendations

Choice Broking – SUBSCRIBE WITH CAUTION

The company has certain positivities like asset-light scalable business model, expanded target market post the pandemic, first-mover advantage in food delivery business etc. But its operations in an almost duopoly market may attract regulatory actions. Also, its operations are generating heavy losses, albeit some improvements in FY21, which we believe is not sustainable once socialization normalizes post-pandemic

LKP RESEARCH – SUBSCRIBE [ Report ]

Zomato is being listed at a revenue multiple of 27x its FY21 revenues whereas global peers trade
in the range of 3-19x price to sales. However, the opportunity and scope of further growth is
significant for Zomato.

VENTURA – SUBSCRIBE

“Evolving nature of the business, duopoly market (market with only two players), the immense potential to penetrate into market, humongous untapped online opportunity in other vertices such groceries, food delivery and more, and scarcity of premium to use services”

MOTILAL OSWAL – SUBSCRIBE

‘Investors with high risk appetite can Subscribe for Listing Gains given fancy for unique and first of its kind listing in the food delivery business.”

Zomato IPO Subscription: Key IPO Details

TypeValue
Issue Size₹9,375 Cr
Open Date14/07/2021
Close Date16/07/2021
Face Value₹1/- per Equity Share
IPO Price₹72 – ₹76
Lot Size195 shares
LotsMin 1 – Max 13

Zomato IPO : Financials

201920202021
Revenue from Ops₹1,312.59 Cr₹2,604.74 Cr₹1,993.79 Cr
Profit before Excep*₹(2,210.43) Cr₹(2,263.57) Cr₹(490.36) Cr
Profit after Tax(1,010.51) Cr₹(2,385.60) Cr₹(816.43) Cr
EPS (Basic)(2.57)(5.42)(1.51)
*Tax and Exceptional Items
As of March 2020EPS (Avg)P/E (Floor)P/E (Cap)
Based on basic EPS(2.99)[●][●]

Comparison with listed industry peers

There are no listed companies in India whose business portfolio is comparable with that of Zomato’s business and scale of operations.

Zomato IPO Subscription – FAQs

1. How to apply for Zomato IPO in the Retail Category?

A: An investor in the retail category may either apply through the UPI process via DEMAT account or the ASBA process via bank account

2. How to apply for Zomato in HNI Category?

A: An investor can apply in the HNI category only through the ASBA process via bank account

3. Where can I find the Red Herring Prospectus (RHP) details?

A: You can visit the NSE or SEBI website for these details. Alternately you can click here: RHP

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