July 14, 2021 - July 16, 2021

Zomato IPO Review & Recommendations

GEPL Capital Ltd, KR Choksey Securities Ltd and Ventura Securities Limited have given "Apply" recommendation to Zomato IPO. Capital Market and Choice Equity Broking Pvt Ltd have given "May Apply" recommendation to Zomato IPO. Ambit Capital Pvt Ltd, Axis Capital, ICICI Securities, Religare Broking Limited and Sharekhan Limited have "Neutral" view about the IPO. Dilip Davda recommend to "Avoid" the IPO.

Zomato IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	3	2	5	1	0
%	27.27	18.18	45.45	9.09	0.00

Zomato IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Ambit Capital Pvt Ltd	Neutral
Axis Capital	Neutral
Capital Market	May Apply
Choice Equity Broking Pvt Ltd	May Apply
Dilip Davda	Avoid
GEPL Capital Ltd	Apply
ICICI Securities	Neutral
KR Choksey Securities Ltd	Apply
Religare Broking Limited	Neutral
Sharekhan Limited	Neutral
Ventura Securities Limited	Apply

Zomato IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Zomato IPO is 47. Their analysis recommends May subscribe for the IPO.

Reviewer	Rating Score	Rating
Capital Market	47	May subscribe

Zomato IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The rationale is given in PREFACE and the negative P/E makes this mega primary offer a costly bet. Earlier two loss-making food chain IPOs of Burger King and Barbeque Nation have rewarded investors in the medium term, but they were in the hotel sector that enjoys good margins, whereas this company is purely dependent on third party supply and is primarily in the food delivery business. This being the first mover in the segment, its listing performance hinges on ongoing uncertainty and the future prospects. National Restaurant Association of India (NRAI) moving Competition Commission of India (CCI) for level playing field between restaurants and online food aggregators is a major concern for a while. Being mega offer, chances of allotment are higher. There is no harm in skipping this IPO with inflated valuations. Read detail review...

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