Zomato IPO: The IPO will include an offer for sale of Rs 750 crore from Info Edge and a fresh issue of Rs 7500 crore.

Zomato IPO: Online food delivery app Zomato has announced its much-awaited IPO by June. Zomato plans to raise Rs 8250 crore through IPO. The food delivery app has filed a Draft Red Herring Prospectus (DRHP) with market regulator SEBI for its proposed IPO. According to DRHP, Zomato's IPO will consist of fresh equity shares and Offer for Sale (OFS) from its existing shareholder Info Edge Limited. Info Edge Limited is the parent company of the job portal Naukri.com It is believed that Zomato's IPO can be the biggest IPO of the last one year in the stock market. In true sense, this will be the first IPO of a big startup that will come up for listing.

Zomato says that before the IPO, it is also considering private placement of Rs 1500 crore. In such a situation, it is possible that the size of the fresh issue currently proposed by the company may be reduced. DRHP is the first document to be submitted to SEBI for IPO. In this, the details related to the company are given. The date of formation of the company, details of the business model of the company and the associated risk appetite.

What is the size of the IPO

 

The company will raise up to Rs 8250 crore through the issue. There is a plan to raise Rs 7500 crore through fresh issue, while Rs 750 crore will be raised through offer for sale. In the offer for sale, investors exit by selling their share. InfoEdge has already announced that it will sell its stake worth Rs 750 crore in the issue of Zomato. One of the reasons for the large size of the issue is that after listing, the old investors will sell the shares after getting a good price. The face value of every share that comes in the offer has been kept at Re 1.

What's different in this IPO

It will be different from the general issue in that it will come through the rules of IPO fixed for loss-making companies. In such an IPO, the quota of retail investors is less as compared to the route of profitable companies. In normal IPO, there is a fixed quota of 35 percent shares for retail investors.But, since Zomato is bringing the IPO at a loss, only 10% of the shares will be for retail investors, because the company is bringing the IPO at a loss, so investors can be at risk. That is why SEBI has deliberately kept the quota of retail in such companies low.

Issue possible by June

Generally, 21 working days are fixed by SEBI for approval of the issue. If all goes well and there are no major hurdles, the issue can be cleared by the end of May. Whereas the issue can come in the market by June if the market conditions are good. The company has written in the purpose of raising money that the money raised from the issue will be used for organic and inorganic growth. Organic growth means achieving growth by growing the existing business.Whereas through organic growth, the business size has to be increased by buying other companies. The company has written that the IPO proceeds will be used to cover the cost of adding customers and technically strengthening the platform.

Where's the risk with growth?

The company expects that the company's business will continue to grow with increasing urban population, increasing number of working families, increasing penetration of internet and smartphones. Whereas in the risk part, the company has said that the business is in loss and it may have to invest more for growth going forward, in which it is possible that if the company is not able to increase the income against investment and expenses, then it may remain in loss. Apart from this, in the event of corona crisis or other such epidemic, a big challenge may arise in front of the company.

The loss of restaurant partners and delivery partners can also create problems for the company. Apart from this, things like data theft, system failure, sudden change in rules, negative media coverage, competition have also been included in the risk factor. The company has informed that a liability case of about Rs 276 crore is going on against its directors. Apart from this, some cases of taxation are also going on against the company.

Investors like Info Edge, Sequoia Capital, Uber in Zomato

Mateo includes investors like Ant Financial, Info Edge, Sequoia Capital, Uber. Recently Zomato changed itself from a private company to a public company. For this, changes were made in the Memorandum of Association. It was being considered as the next step towards IPO. On the other hand, Zomato's founder recently denied the news of IPO. However, Zomato's DRHP made it clear that the company has moved towards IPO.

IPO Open Date	14 July, 2021
IPO Close Date	16 July, 2021
Basis of Allotment Date	22 July, 2021
Initiation of Refunds	23 July, 2021
Credit of Shares to Demat Account	26 July, 2021
IPO Listing Date	27 July, 2021

Company Contact Information

Zomato Company Limited

Ground Floor, 12A, 94 Meghdoot,
Nehru Place, New Delhi – 110019.
Tel.: +91 011 4059 2373
Contact Person: Sandhya Sethia
(Company Secretary and Compliance Officer)
E-mail: companysecretary@zomato.com
Website: www.zomato.com
Corporate Identity Number: U93030DL2010PLC198141OUR

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Paytm IPO: Last week, Paytm's board approved the plan to raise Rs 22 thousand crore through IPO.

Paytm IPO: The country's largest digital payment company Paytm is preparing to bring an IPO this year. Since the announcement of the IPO, the share price of the company has increased tremendously in the unlisted market. The stock price of Paytm has almost doubled to Rs 24 thousand in the unlisted market. Before the news of the IPO coming, its prices were around Rs 11-12 thousand per share. Within just 5 days of the news of the IPO, its price reached 21 thousand rupees.

Based on the unlisted share prices, the value of the company has exceeded Rs 1.1 lakh crore. Accordingly, the valuation of the company has exceeded that of many other companies in the banking and financial sector, such as IndusInd Bank, Bandhan Bank, PNB, SBI Cards and Payments Services, SBI Life Insurance and ICICI Prudential. However, the current valuation of Paytm is lower than the 2019 valuation at which the company raised funds.

Last week, Paytm's board approved the plan to raise Rs 22,000 crore through IPO. According to the plan, this IPO can come during the quarter of October to December 2021 in this financial year. The company plans to raise Rs 21 to 22 thousand crores through IPO. For this, the company can file the draft of Red Herring Prospectus (DRHP) in July.

Share price increased by 100% in a week

According to Abhay Doshi, founder of Unlisted.com, a website dealing in pre-IPO and unlisted shares, Paytm shares were available at very cheap valuations before the IPO was announced. However, due to the valuation gap, its demand among investors increased and its shares climbed more than 100 percent in just a week. According to Doshi, due to the short supply of shares in the unlisted markets, only a limited number of deals are being done.The convict believes that before bringing the IPO, the company can take corporate action like bonus or share split.

Paytm is running in loss amidst tough competition

Alibaba's Ant Group (29.71 per cent), SoftBank Vision Fund (19.63 per cent), SAIF Partners (18.56 per cent and founder Vijus Shekhar Verma (14.67) have major stake in Paytm, besides AGS Holding, T Rowe Price & Discovery Capital and Warren While Buffett's Berkshire Hathaway holds less than 10 per cent stake in the company, Paytm is suffering business losses and is facing competition from Google Pay and PhonePe, which have established themselves well over the years.

Paytm is preparing to bring the country's largest IPO, plans to raise Rs 22500 crore from the market

Take your investment decision wisely

Aditya Kondwar, Founder and COO, JST Investments, believes that there is a need to be careful with the share price of Paytm in the unlisted market. According to Kondavar, Paytm has not decided the issue price yet, so it may also be that the price at which it will buy its shares from the unlisted market is much higher than the IPO price. In this case, there is a possibility of heavy loss.He said that this happened earlier also, when the pre-IPO price of Barbecue Nation was Rs 1100 which later came down to Rs 500 and its IPO came at Rs 500. In such a situation, it can be understood that the investors who would have taken the shares in pre-IPO 1100 rupees, how much would have been lost. Apart from this, pre-IPO shares also have a lock-in period of one year. According to Kondavar, investing in pre-IPO also gives profits, but investors should take a careful decision.

Vishal Balabhadruni, Banking Analyst, CapitalVia Global Research, says that there are high expectations from this stock and many investors are confident about profits from the IPO despite the high price. According to Balabhadruni, the price band of the IPO is yet to be decided, but in the gray market, such premiums can lead to listing gains.

(Stock recommendations in the story are based on information provided by research analysts and brokerage firms. Financial Express Online does not take any responsibility for any investment advice. Please consult your advisor before investing.)

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The shares of the Adani group of companies fell by 5-25 percent this morning

As all things acquire a lifetime of their own on Twitter verse, so did a news article on the Adani group.

Business journalist Sucheta Dalal was trending this morning after Twitter users attributed a pointy visit shares of Adani group of companies to a tweet by her, hinting at “scandal” involving possible rigging in favour of stock prices of a bunch of companies. Dalal didn’t name any company in her tweet.

Another scandal hard to prove outside the recording machine of knowledge available with SEBI tracking systems is that the return of an operator of the past who is relentlessly rigging prices of 1 group. at some stage in foreign entities! His speciality & that of a former FM. Nothing changes!

The shares of the Adani group  fell by 5-25 percent this morning after the National Securities Depository froze the accounts of three foreign funds that have high stakes within the company.

Economic Times' reasoning for the drop was way more prosaic: the now frozen funds have an investment of Rs 43,500 crore within the Adani group of companies. The accounts were frozen on or before May 31, the report added, possibly thanks to "insufficient disclosure of knowledge regarding beneficial ownership". Consequently, the shares of Adani Enterprises fell by 20 percent, its sharpest fall in 10 years, and Adani Ports by 19 percent

On Twitter, though, the memes and jokes kept coming, connecting these seemingly unconnected events. Sucheta Dalal, for those unfamiliar, is credited with unearthing the 1992 securities scam involving the late Harshad Mehta.

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Reliance Infra stake to travel up to 38% from 9%; more fund raising planned

R-power Limited today announced that it'll raise Rs 1,325 crore by issuing preferential shares and warrants to its parent, Reliance Infrastructure. Post conversion, combined stake of Reliance Infrastructure and other promoters will rise from this nine per cent to around 38 per cent.

R-power will issue upto 59.5 crore equity shares and upto 73 crore warrants convertible into equivalent number of equity shares at Rs. 10 each by conversion of debt, to Reliance Infrastructure.

The pricing is at a 21.5 per cent discount to R-Power's share price of Rs 12.74, as per Friday's closing on BSE.

With this, R-power's standalone debt will reduce by Rs 1,325 crore and together with its other planned debt reduction in subsidiaries, its consolidated debt will further fall by Rs 3,200 crore in FY22, which can reduce its debt-equity ratio to 1.80:1, a corporation statement said after its meeting today.

Reliance Infrastructure and other promoter holding in R-power will increase upto 25 per cent after issue of equity shares and can further increase to over 38 per cent on conversion of warrants. As of now, the promoter owns 9.06 per cent stake in R-Power, as per statistics submitted to the stock exchanges for the quarter ending March this year.

The Board in an exceedingly meeting held today also approved plans to issue foreign currency convertible bonds (FCCBs); and raising funds by issuing securities to qualified institutions. The proposed size of FCCB issue is up to 50 per cent of the then networth of the corporate, and QIP's upto 25 per cent of the then networth.

R-power runs power plants supported coal, gas and renewable energy, with an operating portfolio of 5,945 megawatts.

On June 6, the Board of Reliance Infrastructure had announced that it'll vex to Rs 550.56 crore from its promoter, the Anil Ambani family and and Varde Investment. Of this, the Anil Ambani family will invest Rs 400 crore – raising its stake from 5 per cent to 23 per cent while the remainder are going to be invested by Varde Partner for a seven per cent stake. It plans to boost creeping acquisition.

Various Anil Ambani group companies including Reliance Communications and Reliance Naval and Engineering Ltd were dragged to the bankruptcy courts by the Indian lenders after they did not repay their debt. While Mukesh Ambani’s Reliance Industries has emerged because the highest bidder for Reliance Infratel, a subsidiary of Reliance Communications, UV Arc has emerged because the highest bidder for Reliance Communications.

The RBI later clarified that asset reconstruction companies cannot bid for companies within the bankruptcy courts and also the offer by UV ARC is currently pending. Reliance Naval did not find any buyers despite breaching deadlines set under the IBC.Reliance Infra stake to travel up to 38% from 9%; more fund raising planned

R-power Limited today announced that it'll raise Rs 1,325 crore by issuing preferential shares and warrants to its parent, Reliance Infrastructure. Post conversion, combined stake of Reliance Infrastructure and other promoters will rise from this nine per cent to around 38 per cent.

R-power will issue upto 59.5 crore equity shares and upto 73 crore warrants convertible into equivalent number of equity shares at Rs. 10 each by conversion of debt, to Reliance Infrastructure.

The pricing is at a 21.5 per cent discount to R-power's share price of Rs 12.74, as per Friday's closing on BSE.

With this, R-power's standalone debt will reduce by Rs 1,325 crore and together with its other planned debt reduction in subsidiaries, its consolidated debt will further fall by Rs 3,200 crore in FY22, which can reduce its debt-equity ratio to 1.80:1, a corporation statement said after its meeting today.

Reliance Infrastructure and other promoter holding in R-power will increase upto 25 per cent after issue of equity shares and can further increase to over 38 per cent on conversion of warrants. As of now, the promoter owns 9.06 per cent stake in R-power, as per statistics submitted to the stock exchanges for the quarter ending March this year.

The Board in an exceedingly meeting held today also approved plans to issue foreign currency convertible bonds (FCCBs); and raising funds by issuing securities to qualified institutions. The proposed size of FCCB issue is up to 50 per cent of the then networth of the corporate, and QIP's upto 25 per cent of the then networth.

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 Adani Stock Crash The shares of Adani group companies saw a fall of 5 to 18 percent on Monday. A report said that the National Securities Depository Limited (NSDL) has frozen the accounts of three foreign funds.

New Delhi, Business Desk. Shares of Adani group companies saw a fall of 5 to 18 percent on Monday. Shares of group companies fell after a report in the Economic Times. It has been said in this report that National Securities Depository Limited (NSDL) has frozen the accounts of three foreign funds. These funds have invested a total of Rs 435 billion in Adani Group companies.On Monday, Adani Enterprises Share Price and Adani Ports Stock Price listed in Nifty 50 saw the biggest break of 15-15 percent in early trade. At 10:35 am, the price of one share of Adani Enterprises was down 20.70 percent at Rs 1,270 per share.

Quoting an official, it has been said in this report that NSDL has taken this step due to lack of sufficient documents related to Beneficial Ownership.

Domestic stock markets also declined on Monday due to the breakdown of Adani Group companies. Along with this, the effect of the data related to the inflation rate to be released on Monday was also seen on the market.

Earlier last week, Sensex and Nifty closed at record high levels. This rally was seen in the stock markets due to the strengthening of expectations of economic recovery after the lifting of restrictions related to Kovid-19 in many states of the country.

BSE Sensex was trending at the level of 52,199.25, breaking 275.51 points at 11:28 am. Similarly, NSE Nifty was down 95.75 points and was trending at the level of 15,703.60.

SBI, Kotak Mahindra Bank, HDFC, Maruti, ICICI Bank, HDFC Bank, NTPC and M&M were the biggest losers on the Sensex.

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 Top Stocks to Investment Today: If you are confused about investing in the stock market, then a better way is to keep an eye on the stocks in which the brokerage has advised to buy. In this way, every day of the legendary brokerage house choose the shares of their choice.

Top Stocks to Investment Today:

If you are confused about investing in the stock market, then a better way is to keep an eye on the stocks in which the brokerage has advised to buy. In this way, every day of the legendary brokerage house choose the shares of their choice. The brokerage house keeps an eye on these things as to why that stock is rising or falling. How the performance of the company can be going forward, there is no speculation associated with the stock. On the basis of all these things, they give their report.If you are also looking for some such stocks, then know which stocks are being advised by the leading brokerage houses to invest in today. We have listed some stocks here with market analyst Ashish Chaturvedi,

Bajaj Finance

Bank of America has given buy advice in Bajaj Finance. For this the target of the share has been fixed at Rs 6290. The stock had closed at Rs 6110 on Thursday. It has been said in the report that the impact of lockdown on the company has reduced. The business of the company is expected to pick up from June.

HDFC Bank

Jefferies has given investment advice in HDFC Bank and the target has been fixed at Rs 1860. The bank's stock closed at Rs 1443 on Thursday. It has been said in the report that unlocking will accelerate the business of the bank. 19 per cent CAGR growth in profits is possible during FY21-24. Faster growth is expected in the SME loan segment going forward.

Asian Paints

Outperform is rated by Macquarie, a brokerage house in Asian Paints. Giving investment advice, a target of Rs 3200 has been set. The stock had closed at Rs 2956 on Thursday. According to the report, prices will increase in the wood finish segment from June 24. Along with this, prices are also expected to increase in the decorative segment.

JSW Steel

Morgan Stanley has given a buy advice on JSW Steel giving an overweight rating. The target for the stock has been fixed at Rs 920. According to the report, there is recovery in both production and sales of the company.

divi's lab

Brokerage house Macquarie has given outperform rating in Device Lab. The brokerage has given buy advice in the stock and the target has been fixed at Rs 4806.

Tata Consumer

Brokerage House Nomura has fixed a target of Rs 825 while giving Buying advice in Tata Consumer. According to the report, the sale of packaged food will increase in Unlock. The EPS estimate for FY22-23 has increased by 2 to 3 per cent. Profits have been supported by the packaged food business.

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New Delhi: If you're attending to earn well this month then you've got an honest chance. From day to 16, you'll be able to make huge profits. Shyam Metalics and Energy Ltd., a Kolkata based steel manufacturing company, is providing you with this chance. allow us to tell you that the corporate is coming with its IPO, through which investors can earn good money. allow us to tell you ways you'll be able to invest money.

Let us tell you that the corporate is progressing to raise Rs 1107 crore through this IPO. If this IPO are launched on 14th June, then you'll be able to invest money in it from 14th to 16th. At the identical time, the bidding for anchor investors will open on June 11.

How many shares will the corporate issue?

According to the news of cash Control, in step with the draft red herring prospectus (DRHP) of the corporate submitted with the market regulator SEBI, for this public issue, the corporate will issue fresh equity shares of Rs 657 crore, while the promoters and existing investors of the corporate offer for Rs. Will issue shares worth Rs 450 crore through SAIL (OFS).

Where will the funds be used?

> the corporate will use Rs 657 crore raised through the IPO to repay the debt of itself and its associate company SSPL.

> Shyam Metalics has appointed ICICI Securities, Axis Capital, IIFL Securities, JM Financial and SBI Capital as its lead managers for this IPO.

How is that the business of the corporate

Talking about the business of the corporate, the corporate has established a team of 42 distributors in 13 states and one union territory. it's a complete of three factories at Sambalpur in Odisha and Jamuria and Mangalpur in West Bengal.

How much is that the debt on the company?

Apart from this, the full debt on the corporate is Rs 381.12 crore. At the identical time, its associate company had a debt of Rs 398.60 crore. the overall debt on the corporate is Rs 886.28 crore.

How much profit

>> the whole revenue of the corporate was Rs 3933.08 crore till the December quarter of the twelvemonth 2020-21.

>> the entire revenue of the corporate during this period last year was Rs 3283.09 crore.

>> Shyam Metalics had a net of Rs 456.32 crore within the December quarter.

>> The company's income within the last twelvemonth Q3 was only Rs 260.36 crore.

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Shares of AMC Entertainment surged another 38% in early deal on Wednesday and were set to open at a record high as individual traders on social media forums were unfazed by a hedge fund flipping its stake in AMC calling it's overvalued

Hedge fund Mudrick Capital Management sold 8.5 million  AMC shares at a profit on Tuesday, a source said, immediately after buying them. AMC had earlier said it had been prepared to form acquisitions with the new issuance, worth about $230.5 million. read more

Extending a hotdog rally, the cinema operator's stock traded at $41.90 on Wednesday, leading gains among the group of "meme stocks" including game retailer GameStop Corp  and BlackBerry Ltd that have attracted the eye of small-time traders on online platforms like Reddit's WallStreetBets.

"It's not rational, but don't bet against it," said a Berlin-based trader.

AMC's stock has surged over 1,400% this year and, at nearly $42, is trading at over 10 times the median analyst price target.

The number of messages associated with AMC on trading-focused social media site Stocktwits rose over 7% on Wednesday, with most of them reflecting a positive sentiment.

AMC daily stock trading volumes within the past week have reached their highest since January, in step with Refinitiv Eikon, while data from Fidelity showed it continued being the brokerage platform's most traded scrip.

GameStop was up 4.5% in premarket trading, while Koss Corp  jumped 13%. BlackBerry's U.S.-listed shares were last up 18.6%, bringing their total yearly gains to quite 75%.

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 Paytm IPO: Paytm, the country's largest e-wallet company, is bringing the largest IPO so far, which can be a big earning opportunity for investors.

Paytm IPO: Paytm, the country's largest e-wallet company, is planning to launch its biggest IPO till date. Through this IPO, the company is also bringing investors a chance to earn. Paytm is planning to raise 3 billion i.e. 22,000 crore rupees from the primary market. For this, it will come out with an IPO before September 2021. Also Read - COVID-19 vaccine slot is also available on Paytm, this way you can check

According to a Bloomberg report, the board of directors of One97 Communications, which is its parent company, will hold a meeting on May 28. After that the IPO will be stamped. Through this IPO, Paytm has targeted a valuation of 25-30 billion. Which will be between 1.80 lakh crore to 2.20 lakh crore. Also Read - Paytm Postpaid: Paytm also provides credit card facility, know how to use it

Barkshire, Hathaway, Soft Bank and ANT Sumah are the biggest investors of Paytm. Also Read - Samsung will give $ 5 million in the fight against Corona infection, Paytm will set up Oxygen plants in 13 cities

Paytm's biggest investors are Warren Fafet's company Barkshire, Hathaway, Japan's SoftBank, China's Alibaba Sumah and ANT Group. In this IPO, along with fresh shares, big bankers like Morgan Stanley are likely to be included. It is being said that Morgan Stanley is in the forefront of the race to become the lead manager. According to information received from sources, the process of IPO will start in June-July. However, this has not yet been confirmed by Paytm or these bankers.

Significantly, according to Sebi rules, whichever company comes with an IPO gets 10 per cent in the first two years. The rest has to be released for public. Whereas, in the next five years, it can be increased to 25 per cent. That is, 75% of the shares can be kept by the promoters.

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 Sensex, Nifty today: Benchmark indices have closed at record highs amid strong global cues. The Nifty has closed today with a record high.

STRONG START OF NIFTY

The domestic stock market has seen tremendous boom this week. June Future and Options have started on Friday and it has got a strong start due to the rise in both the benchmark indices. Benchmark indices closed at record highs amid strong global cues. The Nifty has closed today with a record high.

In closing, the Sensex has ended at a high of 51422.88 with a jump of 307.66 points ie 0.60%. At the same time, the Nifty has risen by 97.80 points i.e. 0.64% and the index has closed at a record level of 15435.70. About 1394 shares have increased, 1674 shares have declined and 138 shares have not changed.

Today the pharma and IT sectors have closed in the red mark, all the other sectoral indices have closed in the green mark.

If we talk about the opening, the Nifty was open at its record high today. In the opening, the Sensex also registered a rise of about 300 points. The Sensex gained over 300 points in early trade on Friday due to gains in large stocks such as Reliance Industries, HDFC and ICICI Bank amid positive signals from global markets. During this period, the 30-share Sensex was up 306.57 points or 0.60 percent at 51,421.79 and the Nifty was trading at 10,415 points or 0.66 percent at 15,439.

ONGC gained the most by three percent in the Sensex. Apart from this, Reliance Industries, SBI, IndusInd Bank, HDFC, ICICI Bank and Axis Bank were also included in the rising stocks. On the other hand Sun Pharma, Dr Reddy's, M&M, Bajaj Auto and Nestle India were trading in the red mark.

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The Indian stock market has now outperformed its competitive markets in North America and Western Europe in terms of performance. The Bombay Stock Exchange (BSE) Sensitive Index Sensex has risen by 9 percent in the last one month, while the Dow Jones has gained only 3 percent in the same period. Meanwhile, the United Kingdom's standard index FTSE 100 has seen a 2.1 percent gain, France's CSC 40 index 7.3 percent and Germany's DAX index 6 percent.

In contrast, the Sensex has been weaker than the stock indices of developed markets over the past year. For example, the Sensex has lost 11.3 percent since June last year, while the Dow Jones Industrial Average of the New York Stock Exchange has gained 0.6 percent. Similarly, Germany's DX has gained 1.6 percent. The Indian market has also been weak in terms of performance from the US markets over a period of three years.During the past three years, the Sensex has gained 12.3 percent, while the Dow Jones has managed to gain 20.3 percent.

However, experts are not giving much attention to the relative boom in Indian markets in the last one month. UR Bhatt, director, Dalton Capital Advisors, said, “The Indian market has picked up in the last few weeks, but there is a technical reason behind it. The earnings of companies will remain weak in view of the rising case of Kovid-19 in the country. So the current boom cannot be overstated. ' According to some experts, the impact of monetary spread in developed markets is showing rapid growth in rapidly emerging markets like India.

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