Questions iCommunity

Questions

Community User Posted on 03:48pm 08-Jul-2021

Is it a good decision to go for Zomato IPO?

  • Community User good but, getting allocated is a big luck....this is my personal view.

    09:47am 09-Jul-2021

  • Community User U can apply for long term listing gain would be very poor. GMP may change based on market so I won t preffer this IPO.

    02:05pm 12-Jul-2021

  • ICICIdirect Research Our research analysts have a SUBSCRIBE rating on the Zomato Ltd IPO.

    Zomato is one of the leading food service platforms in India in terms of value of food sold as of March 31, 2021. It was initially launched as DC Foodiebay Online Services Pvt Ltd in January 2010. During FY21, 3.21 crore average monthly active users visited the platform. It is currently present in 525 cities in India with 389,932 active restaurant listings. It also has footprints across 23 countries outside India. Over the past 12 years, it has grown from food discovery platform to a food service platform with four major segments 1) Food delivery (B2C) - The company is a leader as per RedSeer, 2) Dining out (B2C) – Provides tools for restaurant owners to acquire customers, 3) Hyperpure (B2B) – Started in 2019, it provides ingredients and kitchen products to restaurant partners and 4) Zomato Pro – It is a paid membership programme which unlocks flat percentage discounts for its customers.


    Zomato is yet to turn profitable. However, this new-age digital platform offers strong growth potential, which at present is evolving on the back of favourable macroeconomics, changing demographic profile, rising adoption of tech infrastructure. Hence, we recommend SUBSCRIBE to this IPO.

    For more details, click on the below link:
    https://www.icicidirect.com/mailimages/IDirect_Zomato_IPOReview.pdf

    12:49pm 16-Jul-2021