Zomato ipo subscription grey market

Zomato is one of the top startups of India. They are an Indian multinational restaurant aggregator and food delivery company.

According to market observers, this slide in the Zomato IPO GMP today is not good for the issue, which is opening for subscription today. However, the market observers maintained that GMP of an IPO is not a concrete indicator of the public issue and people would look at the financials of the company and bid strongly for the initial public offering. But, in my view, one should look at the financials of the company for making any decision in regard to IPO subscription. As there are no listed peers in India, so valuations cannot be compared on a relative basis. We recommend to subscribe this IPO as the company is one of the leading food service platforms in India having recognized consumer brand equity and is well placed to capitalize on the large market opportunity available in India. Milestone Alert! Unlock a world of Benefits!

Zomato ipo subscription grey market

So, lucky bidders who got Zomato shares allotted today are advised to keep their focus on the Indian bourses when the market opens tomorrow as market observers are expecting strong listing of the public issue. According to market observers, this rise in the Zomato IPO GMP is an indication that market is getting positive to ultra positive about the upcoming public issue. He said that it's an unofficial short-term sentiment in regard to the public offer, which changes in one day as well. Gorakshkar went on to add that gery market involves even those people whose interests are at stakes in the public issue. So, sometimes it can be misleading too, and advised bidders and other market observers to rely on the balance sheet of the company as it gives clear picture about the financial health of the company. Milestone Alert! Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed — it's all here, just a click away! Login Now! Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

However, the market observers maintained that GMP of an IPO is not a concrete indicator of the public issue and people would look at the financials of the company and bid strongly for the initial public offering. Company manufactures decorative items.

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Zomato is one of the top startups of India. They are an Indian multinational restaurant aggregator and food delivery company. For our latest videos, subscribe to our YouTube channel. Special Trading Session on Saturday, January 20, IPOWatch Team. Table of Contents. Launched in , Our technology platform connects customers, restaurant partners and delivery partners, serving their multiple needs. Customers use our platform to search and discover restaurants, read and write customer generated reviews and view and upload photos, order food delivery, book a table and make payments while dining-out at restaurants. On the other hand, we provide restaurant partners with industry-specific marketing tools which enable them to engage and acquire customers to grow their business while also providing a reliable and efficient last mile delivery service.

Zomato ipo subscription grey market

According to market observers, this slide in the Zomato IPO GMP today is not good for the issue, which is opening for subscription today. However, the market observers maintained that GMP of an IPO is not a concrete indicator of the public issue and people would look at the financials of the company and bid strongly for the initial public offering. But, in my view, one should look at the financials of the company for making any decision in regard to IPO subscription. As there are no listed peers in India, so valuations cannot be compared on a relative basis. We recommend to subscribe this IPO as the company is one of the leading food service platforms in India having recognized consumer brand equity and is well placed to capitalize on the large market opportunity available in India. Milestone Alert!

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We recommend to subscribe this IPO as the company is one of the leading food service platforms in India having recognized consumer brand equity and is well placed to capitalize on the large market opportunity available in India. More Menu. Internet Not Available. The net proceeds will be used for the purchase of machinery and setting up a new plant, existing manufacturing block upgradation, working capital requirements, and general corporate purposes. Subscribe to continue This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. The Economic Times daily newspaper is available online now. Latest IPO News. Mint Premium View Less -. Yes, Continue. Follow Us. On Wednesday after the end of the first day of the IPO, Zomato tweeted: "received more love today than on our birthday 4 days ago. Related Posts. Subscribe to continue This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp.

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You are now subscribed to our newsletters. Readers must consult a qualified financial advisor before making any actual investment decisions based on the information published herein. Restaurant partners also spend for advertisements on its platform. Podcasts View Less -. Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Zomato shares listing likely tomorrow. Sign in. The IPO received over times subscription as non-institutional and institutional investors bid heavily. Related stories. How do shares trade in grey market and what's at stake The grey market is an unofficial and unregulated market where shares are traded even before they are listed on the main exchanges. Limited Access. ET looks at what these terms mean.