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09/07/2021

Who should subscribe to zomato ipo.
1.Those who believe that zomato and food delivery story will expand and grow with drones with Zomato logo delivering food outside homes by 2025 and Indians gradually giving up cooking at home as nuclear working families dominate society

2. Those who want a piece of the pie of a listed Indian internet company. There is a shortage of such companies which is good for investors

3. Those looking for a quick flip on listing of the ipo. Given large size we expect small gains or even a fall in price on listing day.

Buy if you belive the story... as valuation guru Aswath Damodaran says

Valuations are expensive as company will remain loss making for many years...

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