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A new 'Day Zero', says Zomato Co-founder Deepinder Goyal on listing

A new 'Day Zero', says Zomato Co-founder Deepinder Goyal on listing
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

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Zomato IPO will test Indian investors' unicorn appetite: Analyst's note


Zomato’s initial public offering will test Indian investors’ appetite for unicorns, as the food delivery aggregator operates in a competitive market, said a note by Anand Rathi Research.
Food consumption in India was about $670 billion in 2019 driven by home-cooked food. Food services, defined as non-home-cooked food or restaurant food, contribute around 10 per cent to the consumption market. This is lower than the United States and China where food services contribute about 54 per cent and about 58 per cent of total consumption.
“In FY20, Zomato generated marketplace gross order value of about $1.54 billion, around 2.3 per cent of the market and we believe that the company is in the early phases of broad market adoption,” said research analyst Shobit Singhal in the note. ....

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Suryoday Small Finance Bank IPO worth ₹581 crore opens today – should you subscribe?


Suryoday Small Finance Bank IPO worth ₹581 crore opens today – should you subscribe?
Rounak JainMar 17, 2021, 10:24 IST
The Suryoday Small Finance Bank IPO has gone live todaySuryoday Small Finance Bank
Suryoday Small Finance Bank initial public offer (IPO) worth ₹581 crore has gone live today, and it will be open for subscription till March 19.
The price band is fixed at ₹303-305, and each lot consists of 49 equity shares.
Analysts are bullish on the bank, pointing to its strong credit processes, strong financial performance and cost-efficient operations.
The bank has proposed to use the proceeds of the IPO towards boosting its Tier-1 capital base to meet future capital requirements.Suryoday Small Finance Bank (SSFB) has kicked off its initial public offer (IPO) worth ₹581 crore today, March 17. It joins companies like Anupam Rasayan, Craftsman Automation, EaseMyTrip, MTAR Technologies among others that went public this year. ....

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