New Delhi: After a long wait, food delivery company Jomato has filed a petition to present the IPO. Its speculations were being applied for a long time. Zomato will be the first unicorn startup in the country to be listed on the domestic stock market and will inspire other companies as well.
All kinds of speculations are being made about the price band of this IPO. According to the gray market dealers, the price band of the company’s IPO in the unlisted market is being estimated between 60-80 rupees. If merchant bankers get a chance, they can reach 100 rupees to the price bank.
Dealers said that before it became a public company, it was a private company, whose share price was around 3.5 lakh rupees. However, on April 6, the company gave a bonus of 6,699 shares on one share. In this way the price per share slipped to 50 rupees.
UnlistedArina founder Abhay Doshi said, “In the recent round of funding, the valuation of the company was pegged at $ 5.4 billion, based on which a share price would be Rs 55-60, the technology sector could rule the market for the next decade and Expect the same from Jomato. ”
The current shareholders of the company include names such as Tiger Global, Cora and Fidelity. According to the company’s DRHP, the paid-up capital of Zomato is 6,660,969,150 equity shares. On the basis of the price of Rs 80 per share, the valuation of Gomauto will cross Rs 53,287 crore after listing.
Unlistedzone founder Dinesh Gupta said that definitely the price band will come at a premium compared to the current price. He said that the price band can be between 60-80 rupees. Let me tell you that there are only speculations, while the actual price band can be quite different.
To bevalued at a valuation of $ 100 billion . According to DRHP, Info Edge owns 1,244,029,200 shares of Zomato. According to DRHP, Info Edge bought 18.55 per cent stake at the price of Rs 1.16 per share.
Even if we look at the prevailing price, the company has got a return of 50-52 times or about 5,200 per cent. If the price band is high, then the return will also be high. No other existing shareholders are selling their stake in this IPO.
