Zomato IPO: Subscribe for listing gains, suggest brokerages

Zomato IPO is set to be a watershed moment in the Indian internet space, Jefferies said in a note

Zomato’s initial public offer (IPO) is scheduled to open for subscription on July 14 and is priced between Rs 72 – 74 per share. At the upper end of the price band of the offering, the company aims to raise Rs 9,350 crore. Most analysts have given a ‘subscribe’ rating to the issue for listing gains.

Here is how the leading brokerages have analysed the offering.

Jefferies

Zomato IPO is set to be a watershed moment in the Indian internet space. While there are a lot of questions on the minds of investors with respect to the medium-term growth, profitability &