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Can Zomato be a multibagger?
Prashanth Tapse VP Research at Mehta Equities says Zomato will be a tough bet for a “multibagger story” as the accumulated losses of the company has piled up and it only requires more capital to keep the business going.
Which are the upcoming IPOS in India?
Upcoming IPOs in 2021
| IPO | Tentative Issue Size (in Rs. Crores) | Tentative Issue Date |
|---|---|---|
| Srei Equipment Finance | 1,100 | 2021 |
| Apeejay Surrendra Park Hotel | 1,000 | 2021 |
| ESAF Small Finance Bank | 998 | 2021 |
| Inspira Enterprise India Ltd. | 800 | 2021 |
Is Zomato valuation justified?
Zomato’s stock valuations are justified by the superior growth expected, the brokerage firm said in a note. While most domestic brokerage houses have given a ‘buy’ rating to Zomato, value investors such as Rakesh Jhunjhunwala and global brokerage firm HSBC have said not to buy the stock.
Should we invest in Zomato or not?
Domestic brokerage and research firm ICICI Securities on Monday said that it has initiated coverage with a Buy rating on Zomato, and sees it as a great value stock unlike what street believes it to be. It sees huge upside on the home-grown food-delivery company’s stock with a target price of ₹220 per share.
The outlook is bullish as penetration of the food delivery business in India is still low but only aggressive investors are advised to hold this stock amid uncertainty about profitability,” said Parth Nyati, Founder, Tradingo.
Is Zomato overvalued stock?
Not only Jhunjhunwala, but famous valuation expert Aswath Damodaran, Professor of finance at the Stern School of Business said Zomato is a money-losing, cash burning enterprise with overvalued valuation. That said, the stock’s pricing (₹72-75 per share) makes it too expensive, notwithstanding my story,” said Damodaran.
Is Zomato overvalued Quora?
Zomato Limited is one of the leading online Food Service platforms. It was incorporated in 2010, and now it is one of the top two food service platforms. They are giving very limited information. So, overall it is grossly overvalued.
Will Zomato’s IPO become a mainstream option for Indian startups?
Zomato’s would be a sort of first mainstream startup IPO followed by seven-eight startups looking to go public. Even if half of them are able to list successfully, then going for IPO will become a mainstream option for Indian startups. But if they fail, it will also set a trend for startups not wanting to go for IPO.
What is the stock price of Zomato in India?
India’s leading food delivery company Zomato made a stellar debut on Dalal Street on July 23 as the stock opened at Rs 116 on the NSE, a 52.63 percent premium to its final offer price of Rs 76. The listing price on the Bombay Stock Exchange was at Rs 115, up 51.32 percent.
What is Zomato’s business model?
Another part of its business is Zomato Pro, its customer loyalty program encompasses both food delivery and dining-out. Zomato has consistently gained market share over the last four years to become the category leader in India in terms of gross order value (GOV) from October 2020 to March 2021.
Will Zomato’s IPO pave the way for Unicorn listings?
“Zomato’s IPO will be the litmus test for investor exits and could pave the way for unicorn listings if it goes well. Investors will be watching keenly both to see if the IPO is oversubscribed and whether it pops and maintains its value post trading commences.