Zomato ipo subscription grey market

IPO Status: Listed [ to ].

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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! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.

Table of Contents. Hence, we would advise to subscribe for listing gains only and would wait to see multiple legs of the story unfold before coming up with a more nuanced fundamental view.

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 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. We also operate a one-stop procurement solution, Hyperpure, which supplies high quality ingredients and kitchen products to restaurant partners.

Zomato ipo subscription grey market

Launched in , Their technology platform connects customers, restaurant partners and delivery partners, serving their multiple needs. Customers use their 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, they 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. They also operate a one-stop procurement solution, Hyperpure, which supplies high quality ingredients and kitchen products to restaurant partners. They also provide their delivery partners with transparent and flexible earning opportunities. Please advise whether Infoedge shareholders are entitled to apply Zomato IPO under shareholders quota please? Can anyone tell me that applying from ASBA have more chances for getting allotment or it is just a myth. Please Leave Your Message.

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Podcasts View Less -. Get alerts on WhatsApp. Choose your reason below and click on the Report button. The IPO garnered subscription of over times, with the retail investors category subscribed times and the NII portion booked times. The food delivery company posted a consolidated loss of Rs Zomato tweets:. Rs 49 for 1st month. Zomato is one of the top startups of India. Zerodha The Pioneer Discount Broker. Zomato is the largest online food delivery players in India, with dominant market share in delivery and restaurant classified. They also provide turnkey solutions for steel plants and have a strong presence in the secondary steel sector. Remove some to bookmark this image. Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Business of the Company is built around the core idea that over time, people in India are going out to eat at restaurants more than they cook at home. Check your Credit Score Now!

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.

Live Blog. Hyperpure helps it to increase its engagement with restaurant partners on its platform, and in turn retain and grow its loyalty with them. It'll just take a moment. Unlock this story and enjoy all members-only benefits. Muthoot Microfin shares to list on Tuesday. Customers use company's 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. It'll just take a moment. Sign In now. Though, valuing such early stage businesses on plain vanilla financial matrix might not give the right picture and may look distorted. Internet Not Available. Moneycontrol News. Continue reading with one of these options:. However, InvestorGain.