Zomato ipo subscription grey market

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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!

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! 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. You are now subscribed to our newsletters. Hello User. Sign in.

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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.

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.

Zomato ipo subscription grey market

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Three-month total income was Rs With the changing dynamics, the need for outside food has seen an increase which gets fulfilled by either going out to the restaurant or ordering food from the restaurants. Get alerts on WhatsApp. The company's shares commanded a robust GMP of Rs 90 in the unlisted market. What to look for before investing in a consumer internet company. The net proceeds will be used for debt repayment, capex funding, and the company owns marine assets and provides port operation services. Food Delivery The Company has consistently gained market share over the last four years to become the category leader in the food delivery space in India in terms of GOV from October 1, to March 31, Stock Screener. Pick the best stocks for yourself. Also read - Zomato IPO to open next week: 10 key things to know about the issue and the company. Investment Ideas. Special Trading Session on Saturday, January 20, My Account. Market Research. Mukka Proteins IPO opens for subscription.

During financial year , Zomato was reported to have received over million orders with a gross order value of Rs , million — up from Rs

As there are no listed peers in India, so valuations cannot be compared on a relative basis. Stellar debut! Subscribe to ETPrime. Additionally, given the strong network effects, increasing frequency of order, huge scope for growth in tier-II and tier-III cities and large addressable market, we recommend a Subscribe Short Term rating to the IPO. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Your session has expired, please login again. Check all the latest action on Budget here. Zomato share allotment status: Here's how to check it. Alice Blue. In Fiscal , 2, restaurant partners paid for its advertising sales product in India compared to 8, restaurant partners in Fiscal However, predicting the growth trajectory at this juncture is little tricky for next few years.