zomato IPO: As D-Street speculates on Zomato IPO price, Info Edge awaits windfall

Must read


With the last round of funding, Zomato was valued at close to $5.4 billion, and that pegs the per share valuation at Rs 55-60.

Synopsis

Info Edge, which will be selling shares worth Rs 750 crore through the IPO, stands to make windfall gains. The company was one of the early investors in the startup, and it currently owns 1,244,029,200 shares in Zomato, DRHP said.

NEW DELHI: After a long wait, Zomato finally filed draft papers with market regulator Sebi for the much-anticipated IPO. It will be among the first technology unicorns to be listed in India, and is likely to trigger many more such listings.

Speculations are rife on the possible price band for the IPO. Dealers in grey market, the unofficial market for trading in unlisted shares, say it will most likely be in the Rs 60-80 per share range. And, if

  • GIFT ARTICLE
  • FONT SIZE
  • SAVE
  • PRINT
  • COMMENT

Sign in to read the full article

You’ve got this Prime Story as a Free Gift

Already a Member?

Special Offer on ET Prime

Subscribe to ET Prime – Get Flat 20% Off

View Plans

Special Offer on ET Prime

Subscribe to ET Prime – Get Flat 20% Off

View Plans

Special Offer on ET Prime

Subscribe to ET Prime – Get Flat 20% Off

View Plans

Why ?

  • Sharp Insight-rich, Indepth stories across 20+ sectors

  • Access the exclusive Economic Times stories, Editorial and Expert opinion

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise



Source link

More articles

- Advertisement -

Startup

RBI Warns Crypto Can Lead To ‘Dollarisation’ Of Economy

The RBI governor Shaktikanta Das, along with other top officials, briefed the Parliamentary Standing Committee on Finance chaired by former minister of state...
- Advertisement -

Latest article