Zomato IPO: online food order taking company will make money, here is the complete information
Zomato IPO. The investors, who had been waiting for a long time, may have arrived. Yes, Zomato is bringing its IPO. He has also given all his documents to SEBI. This IPO is about 8250 crores rupees. The special thing is that it is the country’s Sahala consumer-based startup, which is preparing for listing in the stock market. This IPO was being discussed for the last one year. Investors were also seen to be quite excited for this IPO.
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This is complete detail
According to the information, fresh equity shares worth Rs 7,500 crore will be offered by Zomato. While Info Edge India Limited will bring shares worth Rs 750 crore for sale. That means both will have an IPO of Rs 8250 crore. According to the company, the proceeds from the sale of fresh shares will be spent in expansion plans. Which will also include the acquisition. Let us tell you that apart from Jomato, Info Edge India also has a stake in businesses like Naukri.com and 99 Acres. It has 19 percent shareholding of Jomato.
What does the company say
According to the company, there has been an increase in demand for food delivery in Corona Aira. After the lockdown last year, the business was back to normal from the third quarter of the last financial year, when the company’s gross order value reached its peak. The company has also said that it feels that over time the cost of the company will also increase and the loss of the company may also increase to increase the business.