Zomato’s Initial public offering (IPO) will be open today i.e, of Rs 9,375 crore and the IPO will close on July 16. The price range is fixed at Rs 72 to 76 per share, which is one of the largest issues in India after the covid pandemic last year. At this price, Zomato could be valued at 59,623 crores, in terms of ranking 78th among listed firms in India by market value. Zomato had applied for an initial public offering (IPO) with Sebi, in April this year. Naukri.com’s parent company, Info Edge holds a stake of about 18.55 percent in the platform of Zomato. Domestic investors of zomato’s are mutual funds and insurance including companies like Nippon, HDFC MF, Birla MF, ICICI Pru Life ,Axis MF, HDFC Life, ICICI Pru Life.
When the founders launched this website, The name wasn’t Zomato back then, it named Foodiebay. after The founders changed the name from Foodiebay to Zomato so that it could be simple to memorize.
“Never have a bad meal”. Is the tagline of Zomato
