Zomato IPO: Should You Place An Order To Buy Shares?
Finally, one of the most awaited initial public offerings of 2021 is here – Zomato Ltd. The IPO starts on July 14 for three days. Given, the boom in food ordering and investors’ current love for IPOs Gurugram based food-tech giant has upped its issue size. The company will now be raising ₹ 9,375 crore, of which ₹ 9,000 crore will be a fresh issue, while the remaining an offer for sale from the oldest investor – Info Edge (India) Ltd. Earlier the company had plans to raise ₹ 8,250 crore – ₹ 7,500 crore of fresh issue and ₹ 750 crore of offer for sale. The IPO would be the largest since March 2020, i.e., when SBI Cards raised close to ₹ 10,000 crore. Should you subscribe?