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Good News for Infoedge Shareholders Why Infoedge Stock is Going Up?

Good News for Infoedge Shareholders Why Infoedge Stock is Going Up?

Published on 08 July 2021

Here is a piece of good news for the shareholders of InfoEdge. Read this blog to know about this good news and what Investors should do?

Introduction:

The stock of the company InfoEdge is going up with the news of the listing of Zomato in the stock market. Zomato has a very well-established market and it is expected to be listed as a large-cap company. The valuation expected in the market is around $8 billion which is approximately Rs. 56,000 Crores to Rs. 60,000 Crores.

 

InfoEdge – Zomato:

  • The IPO size of Zomato was Rs. 8,250 Crores of which Rs. 7,500 Crores will be a fresh issue but now InfoEdge has decided to sell only Rs. 750 Crores from its stake.
  • Now the size of the IPO for the company will be Rs. 7,875 Crores in which Rs. 7,500 will be fresh issue and Rs. 375 Crores are for OFS.
  • InfoEdge has decided not to sell more in the company as they as seeing a good potential for long-term growth.
  • The price of the IPO is expected to be around Rs. 70.
  • Last funding by the private equity investors was around Rs. 55 to Rs. 60, where valuation was around $5-$6 billion.
  • The Grey Market Premium is running at Rs. 15 which sums up to around 20% up.
  • The company InfoEdge has invested in Zomato at the price of Rs. 1.16 and now the returns are more than 60 times.

 

Conclusion:

An aggressive investor should look at the stock of InfoEdge as due to any negative sentiments in the company or the funded start-up, the stock of InfoEdge will become volatile. If anyone wanted to invest in a start-up, InfoEdge is one way to indirectly be a part of it. Follow due diligence before making any investment strategies.

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