Will zomato IPO gives Listing gain?
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Will zomato IPO gives Listing gain?
On how much listing gain one can expect from the Zomato IPO Avinash Gorakshkar of Profitmart Securities said, “One can expect 10-15 per cent listing gain from Zomato public offer as its fundamentals are also strong and in the unlock activities, it has limited competitor to claim share in its business pie.” However.
Do all IPOS give listing gains?
Oversubscription to an IPO may be seen as a reflection of positive demand for the company’s shares. However, an oversubscribed IPO does not necessarily mean confirmed listing gains on the stocks. The reasons behind investing in an IPO may vary from investor to investor.
What is zomato listing gain?
On Friday, the food delivery firm Zomato made a bumper debut on bourses with the unicorn hitting the Rs 1-lakh crore market capitalisation mark. The stock opened at Rs 116, 52.63 per cent higher on NSE against issue price of Rs 76. The listing price on the Bombay Stock Exchange was at Rs 115, up 51.32 per cent.
What experts say about zomato IPO?
Experts suggest the stock could list at a price of more than Rs 100 per share, i.e. more than 30 percent premium over final offer price of Rs 76. The least amount of premium expected by them is 15 percent.
Rather it finds Zomato’s valuation cheaper against food services, technology and consumer stocks. Zomato is a good value stock and its growth prospects make it a long-term play. However, in the short-term some profit-booking can continue in the stock, said experts.
What are listing gains in IPO?
On the day of the IPOs, mostly because of the demand of the stock, share prices on the exchange get higher. The investor tries to make a profit by selling these shares and booking a profit. The difference between the two share prices is called Listing Gains in IPO.
What is the book value of Zomato?
Key Ratios and Highlights
| Growth (\%) | Growth (\%) | Annual (TTM) |
|---|---|---|
| Particulars | Particulars | 1-Year |
| Net Profit | Net Profit | 65.78 |
| EPS | EPS | 66.77 |
| Book Value | Book Value | 3,676.25 |
Who did valuation of Zomato?
Hours before Zomato’s listing, valuation guru Prof Aswath Damodaran derived a value of ₹40 per share — much below the price of ₹76 at which the shares were offered to the public.
Is Zomato IPO suitable for retail investors?
In an interview to Moneycontrol’s Sunil Shankar Matkar, Yadav says the IPO is more suitable for institutional investors who have the capacity to hold it for decades and also for the select class of retail & HNI investors. Edited excerpts: Zomato IPO opened for subscription on July 14, with a price band of Rs 72-76 per share.
What is Zomato’s P/S multiple at Rs 76?
At a higher price band of Rs 76, Zomato is demanding a price-to-sales (P/S) multiple of 29.9x, which is at premium to the global peer average. Moreover, in the recent past, the company has executed couple of small sized private placements, which were at significant discount to the issue price.
How to apply in Zomato IPO through Zerodha?
How to apply in Zomato IPO through Zerodha? 1 Visit the Zerodha website and login to Console. 2 Go to Portfolio and click the IPOs link. 3 Go to the ‘Zomato IPO’ row and click the ‘Bid’ button. 4 Enter your UPI ID, Quantity, and Price. 5 ‘Submit’ IPO application form. 6 Visit the UPI App (net banking or BHIM) to approve the mandate. More
How many restaurants does Zomato have in 2020?
As of December 31, 2020, Zomato has established a strong footprint across 23 countries with 131,233 active food delivery restaurants, 161,637 active delivery partners, and an average monthly food order of 10.7 million customers. Among the leading Food Service Delivery platforms. Recognized consumer brand equity across India.