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, zomato ipo subscription grey market.

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Zomato ipo subscription grey market

At pm, the shares which are to be allocated for the qualified institutional buyers QIBs got subscribed The price band of Zomato IPO was fixed at Rs per share of the face value of Rs 1 each and the company aims to raise Rs 9, crore through the offer. Ahead of the IPO, Zomato raised over Rs 4, crore Rs 41,96,51,86, from anchor investors in lieu of 55,21,73, equity shares at Rs 76 each, data from the stock exchanges showed. After being subscribed 4. The Zomato IPO was subscribed 1. The retail segment was the most subscribed having seen 3. The offer will conclude at 5pm on Friday, July 16, 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. After being fully subscribed on the first day itself, the subscription of Zomato IPO will resume at 10 am today. The offer was subscribed 1. The total issue has been subscribed 1.

We also operate a one-stop procurement solution, Hyperpure, which supplies high quality ingredients and kitchen products to restaurant partners. Your session has expired, please login again. This will alert our moderators to take action.

Mutual Funds. ET TV. More Menu. Zomato hits record high, bucking internet stocks' sluggishness Zomato's shares hit a record high as its profitability improves, making it India's most valuable internet stock. Investor sentiment has reversed, and Zomato dominates the food delivery market.

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.

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! 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!

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Avail Offer. Angel One. Another important part of its business is iv Zomato Pro, its customer loyalty program which encompasses both food delivery and dining-out. All News Videos. Revenue from operations during the same period fell to Rs 1, Pawan Nahar. The IPO garnered subscription of over times, with the retail investors category subscribed times and the NII portion booked times. The millennial population have a greater tendency to eat and explore different cuisines across restaurants. The food delivery company posted a consolidated loss of Rs Mukesh Ambani breaks down in tears during Anant Ambani's emotional speech. At pm, the shares which are to be allocated for the qualified institutional buyers QIBs got subscribed

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.

The offer is going to be available for subscription till 5 pm on Friday , July 16, Sign in. Dining-Out Customers use dining-out offerings to search and discover restaurants, read and write customer generated reviews and view and upload photos, book a table and make payments while dining-out at restaurants. Disclaimer: InvestorGain. Zomato IPO: Day 2 action resumes at 10 am. Motisons Jewellers IPO on track to deliver multibagger listing gains. Kotak Securities. Zomato is a growth oriented company focused on increasing its presence further into every part of the country. Trending news. Internet Not Available. The company's IPO, which was subscribed 16 times, provided investors with an opportunity to invest in a leading TPA health-tech and insurance-tech company. Looks like you have exceeded the limit to bookmark the image. The solid listing is attributed to a diverse product portfolio, strong financial performance, manufacturing specialties, a long term business arrangement with Jindal Pipes, and revenue growth for working capital funding. 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. Enquire Now.