Aequitas Research - Info Edge India Ltd. (NAUKRI) ... Zomato IPO lock-up

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Aequitas Research

Sumeet Singh

EUR 95.47 For Business Accounts Only

Zomato IPO lock-up

Zomato raised US$1.3bn in its India IPO in Jul 2021. At that time, it was the largest technology sector listing in India.

Zomato is one of two leading food delivery app operators in India. It recently acquired Blinkit marking its foray into the instant grocery segment.

In this note, we will talk about the lock-up dynamics and updates since our last note.

Links to our previous notes on the IPO:
Zomato Pre-IPO - Public filings lack narrative, a bit of history helps
Zomato Pre-IPO - Peer comparison - Listed and Domestic
Zomato IPO - Strong 4Q21, has a very long runway
Zomato IPO Trading - Ample Demand for Unique Exposure

20/07/2022 1 EN

Underlyings

Info Edge India Ltd.

Info Edge India is an online classifieds company specializing in recruitment, matrimony, real estate, education and related services. Co.'s recruitment business is an online recruitment classifieds and offline executive search operated through several websites. The matrimony business comprises online matrimony classifieds and 14 offline Jeevansathi Match Points. Co.'s real estate business comprises online real estate classifieds, a real estate brokerage business, housed in a subsidiary named Allcheckdeals.com India Private Limited. The education comprises online education classifieds. As of Mar 31 2014, Co. had a network of 56 offices located in 42 cities throughout India

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INE663F01024 National Stock Exchange of India India

ZOMATO MEDIA PVT LTD

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Provider

Aequitas Research

Aequitas Research is a leading ECM research firm with a focus on IPOs and placements/follow-on offerings across the Asia Pacific with deal size of over USD100m.

Since 2015, we have covered 400+ IPOs and 450+ placements with a hit rate of 73% and 65%, respectively. We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic analysis.

Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis. We also provide a more quant driven analysis on placement/follow-on offerings.

Markets that we cover include:
Hong Kong,
China ADRs,
India,
Japan,
Australia, and
ASEAN.

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Analysts

Sumeet Singh

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Zomato IPO lock-up

Info Edge (India) Limited: 1 director

INFO EDGE (INDIA) sees an upgrade to Neutral thanks to a better star rating, but the title remains unattractive

Onewo Space-Tech Pre-IPO

Legend Biotech Follow-on Offering

Xtep International Placement

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