Details inside - Zomato IPO - YP Buzz

 YP Buzz - 

                    Zomato Ltd has set the price of its first public offering at ₹72-76 per share. Earlier, the company said its firm will open for registration on July 14 and close on July 16.

                                        

Zomato

The issue contains a new release of ₹ 375 crore and a promise of sale of ₹ 9,000 crore by its current promoter Info Edge India Ltd. Staff reservations are held at 6.5 million shares.


“It's a moment of fullness for the Indian market - Zomato is the first major start to be included in a list that will pave the way for many more such lists. Zomato is a technology organization that enables a food integration platform that brings together customers, restaurant partners, and service delivery partners, serving their many needs ", said Aditya Kondawar, COO, JST Investments


The number of orders on their platform has increased from 3.06 cr on FY18 to 40.31 cr on FY20 and 15.52 Cr on FY21. The standard order amount increased from ₹ 279 to FY20 to ₹ 398 to 9MFY21 and discounts also reduced each order from ₹21.7 to ₹7.3  in 9MFY21.


Zomato has seen a sharp increase in revenue across all vertical business units over the past few months. It closed ₹ 1,367 crores with revenue in the first three quarters of FY21. The cost of the food technology company was about 1,734 crore, which resulted in a loss of ₹ 684 crore.


As of 31 December, Zomato has had a list of 3,50,174 active restaurants. With the booking of tables, 12.2 million covers were selected for its 2020 platform. On average, by the year 2020, Zomato had 131,233 active food delivery restaurants every month.


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 YP Buzz

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