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: Infoedge Analysis, Infoedge Value Research, Infoedge Valuation, Infoedge Company
The stock of the InfoEdge company 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: Infoedge Share Price India & Infoedge Dividend
The IPO size of Zomato was Rs. 8,250 Crores, of which Rs. 7,500 Crores will be a new 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 runs 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: Infoedge Analyst Report & Infoedge Annual Results
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 be a part of it indirectly. Follow due diligence before making any investment strategies.
You can know more in detail about Infoedge and related to Infoedge Stock Price, Infoedge Share Price, Infoedge Share Price History, Infoedge Stock Chart, Infoedge Stock Review, Infoedge Stock Market, Infoedge Share Value on Invest Yadnya website.
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