Page 20 - Zomato

Zomato raises $1.26 bn in IPO, valuation to reach $8 bn: Report

The company, which is backed by Ant Group, will be valued at up to $8 billion following the IPO which is the first for a food delivery group in India.

Best of BS Opinion: Illegal surveillance, co-operation ministry & more

Here are the best of Business Standard's opinion pieces for Saturday

Irrational exuberance over Zomato

Zomato is essentially a "concept stock" because it has neither made profits, nor has issued any guidance on ever getting to profitability, notes Shyamal Majumdar

In IPO season, rupee caught in the middle of global and local pull

Foreign money is pouring into India when the US dollar is gaining strength against emerging markets currencies.

Goenka's latest swipe at Zomato fuels debate on bumper IPO despite losses

As RPG Enterprises Chairman Harsh Goenka again took to Twitter to take a swipe at Zomato's mega IPO despite platform running into losses, an online debate has erupted

Flush with unicorns, India's tech moment to overtake China arrives

India had $6.3 billion of deals for technology startups in the second quarter, while funding to China-based companies dropped 18% from a peak of $27.7 billion in fourth quarter

Top headlines: Reliance Retail buys stake in Just Dial, DoT aid for telcos

Business Standard brings to you the top headlines on Saturday

Zomato IPO subscribed 38 times, generates demand worth over Rs 2 trillion

Nearly three-fourth of bids came from institutional investors, with QIB portion garnering 52x subscription

Zomato IPO subscribed 38 times as investors pour money to get a bite

Institutional investors, who shied away in the first two days of the IPO, bid several times over the number of shares reserved for them

Zomato IPO brought new investors, shift in behaviour: Paytm Money CEO

Zomato's Rs 9,375-crore IPO has seen a new set of investors coming into the capital market and there is a visible shift in consumer behaviour, a senior official of Paytm Money said on Thursday.

Zomato IPO subscribed nearly 5 times with still a day to go; HNI part lags

Bids garnered for 3.45 billion shares, worth Rs 26,000 crore so far; retail portion was subscribed 4.73 times

Experts question the rationale of some MF schemes investing in Zomato IPO

Among the larger funds, only DSP MF and Invesco MF have not participated in the anchor book

Amid robust retail demand, Zomato IPO oversubscribed 1.3 times on Day 2

Zomato's initial public offering was oversubscribed 1.3 times on the second day of the offering with retail investors continuing to bid for shares of the food delivery platform. The offer received bids for 95.44 crore equity shares against an IPO size of 71.92 crore, stock exchange data showed. Retail investors sought 3.96 times the portion reserved for them. Against 12.95 crore shares reserved for retail individual investors, 51.36 crore shares were bid by 1400 hours. Non-institutional investors put in bids for 26 per cent against their reserved portion while qualified institutional buyers (QIBs) fully took their quota of 38.8 crore shares. The portion set aside for employees has been subscribed 22 per cent. The IPO, the biggest in India this year, is open for subscription till Friday in a price band of Rs 72-76 per share. Zomato has already mobilised Rs 4,196.51 crore from 186 anchor investors on July 13, a day before the issue opened. The IPO size has been reduced to Rs 5,178.

Top Headlines: Zomato heads for more indices; chip crisis costs millions

Business Standard brings to you top headlines on Thursday

Zomato in MSCI, FTSE indices by year-end, Sensex-Nifty entry hard: Analyst

Stock will need to move to about Rs 328 a share (4.3x over possible IPO price of Rs 76) for it to be part of Nifty index

Zomato IPO fully subscribed on Day 1, attracts bids worth Rs 5,700 cr

Market players say marquee names in anchor book have been a big confidence booster; young investors are showing a lot of interest in the IPO of a brand they relate with

Paytm Money trends on Day One of Zomato IPO as new investors flock

Zomato IPO sees retail portion subscribed by over 200% within the first two hours of opening

Zomato IPO gets Twitter buzzing with tweets from startup community

Deepinder Goyal 'stress eating', Vijay shekhar Sharma of Paytm cheers along

Sensex adds 134 pts; Mindtree jumps 8%, Wipro adds 7%, realty stocks slip

In the primary market, the Rs 9,300-crore initial public offer (IPO) of Zomato was subscribed 57 per cent till 3:30 PM on the first day of the issue

Zomato IPO subscribed 36% in early hours, investors across segments bid

The initial public offering of food delivery platform Zomato opened on Wednesday, with more than 36 per cent of shares offered being subscribed in the initial hours. The offer received bids for 26.10 crore equity shares against an IPO size of 71.92 crore, stock exchange data showed. Retail investors sought 1.91 times the portion reserved for them. Against 12.95 crore shares reserved for retail individual investors, 24.76 crore shares were bid by 13.30 hours. Non-institutional investors put in bids for 7 per cent against their reserved portion. The portion set aside for employees was subscribed 6 per cent, while qualified institutional buyers have put in bids for 2.69 lakh equity shares against their reserved portion of 38.88 crore equity shares. Shares in the IPO, which is the biggest in India this year, are being offered in a price band of Rs 72-76 per share. Zomato has already mobilised Rs 4,196.51 crore from 186 anchor investors on July 13, a day before the issue opening. The