Zomato’s Rs 60,000 crore IPO valuation creates buzz
MUMBAI: The valuation of food delivery major Zomato, which is going public through an IPO with an indicative market capitalisation of around Rs 60,000 crore, has been a topic of much discussion on social media with questions being raised if it’s really worth that much.
People shared mixed views. For some, a tech-enabled company should be valued differently than a traditional one despite its losses. For others, the IPO is an opportunity for venture capital and private equity investors to offload their liability to retail investors. Then there are those that believe Indian food tech companies will reflect valuations earned by global peers like DoorDash to a significant extent.
Zomato’s IPO is set to be open from July 14 to July 16 at a price band of Rs 72-76. The offer size is about Rs 9,375 crore.
Overrated Gas and hot air Ballon.. Not worth 6 rs also
This is going to go down super fast. Retail investors should save themselves from buying this overpriced scrip from VC sharks.
Listing gain maybe OK but in long term price will come down below issue price.
People ordering on Zomoto are not aware that they deliver food from street vendors with unhygiene conditions. I stopped ordering online when I saw myself.
Individual unit price of share should not be more then rs 25/- if it's more it's not worth.
Will this be another Reliance Power or Infosys ? Time will tell
Only idiots will invest ....just like reliance power ...bye idiots or those who have money to burn .
This is called char din ki chandni, the market will soon realize the actual value of Tomato.
It is a bubble and get burst in no time. Retail investers , think twice before throwing your hard earned money into drain.
These IPO are meant to borrow & loot public money at throw away price. That is how our corrupt share bazzar sy em works.
no one os forcing anyone to buy the shares, buy only if you think there is value in it
All said and DONE, THE PROJECTION IS HIGHLY OVER VALUED.
This has to be compared with the likes of Amazon and not with hel chains...
Zomato is a loss making company
onlu idiot would purchase that share
.....questionable valuation for a delivery company whose main earnings are commission based. ..
Please do not invest in this fraud company who lives on hype. Promers will take the money and dump the operations and retail investor will be left in the lurch. Beware of these service related startups
C S Shiva Shankaraiah
Every meal delivered generates about 200grams of Garbage this adds to the CO2 Emissions in addition to the emission from the delivery vehicle. This business is not good for the environment and should be discouraged.
What nonsence are u talking
you are also not good for the environment considering your Co2 emissions
Such companies wait for moment for their IPO when market is rising fast, few retail investor fools will put in their money and repent after five years
Nothing but money eating machine making losses and kept borrowing.
Vasan S N
Yes, it is worth only Rs.6. How a loss making company can que IPO at Rs.72? Unable to understand and not sure who will buy the shares.