News about Zomato's share allotment and what analysts are saying about Infosys's Q1 results later today.
Sources said the anchor book saw over 30x more demand than the shares on offer. The total interest generated was in excess of Rs 1 trillion
All-time high not far away with Paytm planning fresh issue of Rs 12,000 cr
Start-up listings will open up opportunities
The final shape of the country's emerging digital economy is still unclear, writes Andy Mukherjee.
Zomato shares were trading at a premium of 10 per cent in the grey market
Zomato IPO is set to be a watershed moment in the Indian internet space, Jefferies said in a note
MobiKwik is the latest among tech majors wanting to list on stock exchanges. Food delivery start-up Zomato will launch its IPO on Wednesday
NRAI said there have been numerous instances of delay in payment by Zomato and Swiggy which has affected the entire cash flow of its partners.
The National Restaurant Association of India (NRAI) on Monday said it has filed additional information with the fair trade regulator CCI alleging "anti-competitive practices" by Zomato & Swiggy. Earlier on July 5, the association had said that keeping the interest of restaurants in mind and how they have been affected by the "inherently anti-competitive practices" of Zomato and Swiggy, it had on July 1 filed information with the Competition Commission of India (CCI). In the additional information NRAI has filed, it has alleged that Zomato and Swiggy are charging a commission in the range of 25 to 35 percent of the order value in 2020-21 and there have been numerous instances of delay in payment by the two aggregators which have affected the entire cash flow of its partners. "Zomato & Swiggy are forcing restaurant partners to give discounts on their platforms to maintain good visibility on the platform. They have shifted the entire cost burden on the restaurants," it added. The
While there are a lot of questions on the minds of investors with respect to the medium-term growth, profitability & cash usage, FOMO factor should keep the excitement level high
Paytm Money is the first digital broker in India to offer this functionality, and expects this to significantly increase the participation of retail users in IPOs via its platform
Shares of thermal power producers are likely to benefit from the rise in power demand, say analysts
Zomato's major shareholders are set to make gains in the range of 50 per cent to 6,450 per cent with the company's IPO. More news in our morning wrap.
The much talked about Zomato IPO is an encouraging sign for the start-up community
Most of our investors are looking at it as a long-term investment for five-ten years, no one else wanted to sell, says Akshant Goyal
The existing shareholders of the company are set to make gains in the range of 50 per cent to 6,450 per cent on their investments
Zomato will introduce a grocery section on its app and confirmed its investment in Grofers.
Competitive intensity, customer acquisition costs likely to delay profitability
At the top end of the band, the company could raise Rs 9,375 cr and is valued at Rs 64,365 cr. Zomato's is the largest IPO in 16 months after SBI cards which raised Rs 10,355 cr