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Zomato IPO opens today: Valuations for such firms discount futuristic growth, say analysts Food delivery company Zomato Ltd. (Zomato) - a food delivery company, is planning to raise up to Rs 9,375 crore through an IPO, which opens today (July 14). It closes on July 16, 2021. The price band is in the range of Rs.72-76 equity shares. The total issue size is aggregating up to Rs 9,350 crore which comprises fresh issue of equity shares aggregating up to Rs 9,000 crore and Offer for sale of equity shares aggregating up to Rs 350 crore. The shares will be listed on BSE and NSE. Arun Malhotra, Founder & CIO, CapGrow Capital Advisors (SEBI Registered PMS), said, Zomato is an excellent, consumer centric, non-linear digital business model that will have huge operating leverage. Profitability is always a challenge in initial years for such companies, but only one player survives, and gets the majority share of both revenues and profitability. Valuations for such companies discount the futuris

Nova scotiaAbu dhabiAbuz abyUnited arab emiratesMorgan stanley asiaVarun malhotraZomato ltdAbu dhabi investment authoritySaurabh joshi research analyst at marwadiWorld fund incMonetary authority of singaporeJp morganTiger global investments fundCapgrow capital advisorsJoshi research analystMarwadi shares