Zomato IPO details: Before the IPO, the brightness of Zomato faded in the gray market, know what is the reason.

Before the IPO, the brightness of Zomato faded in the gray market, know what is the reason.

Zomato’s much awaited IPO is opening tomorrow i.e. on July 14. On the day of the announcement of the IPO, its premium was running from Rs 18 to 20 in the gray market, which has now come down to Rs 10 to 10.5 ie 12 to 15 percent.

Zomato IPO details.

Zomato’s much awaited IPO is opening tomorrow i.e. on July 14. On the day of the announcement of the IPO, its premium was running from Rs 18 to 20 in the gray market, which has now come down to Rs 10 to 10.5 ie 12 to 15 percent.

IPO (IPO) at the opening on July 14, but its brightness in gray market went into some pale. The company has kept the price band for the IPO at Rs 72-76. On the day of the announcement of the IPO, its premium was running from Rs 18 to 20 in the gray market, which has now come down to Rs 10 to 10.5 i.e. 12 to 15 percent. Zomato’s Rs 9,375 crore IPO will close on July 16.

Dealers in the unofficial market say the issue is huge and costly, which is affecting investor sentiment. There is little chance that the issue will get a lot of bids. Dinesh Gupta, co-founder of UnlistedZone, a dealer in unlisted shares, said that investors are sure that they will definitely get the allotment. This is because the issue size is huge and the valuations are high. Hence, most value investors are likely to stay away from it.

Zomato share price today.

The issue will have fresh shares worth Rs 9,000 crore while the company’s shareholder Info Age will sell 375 crore shares. Invest19 Founder and CEO Kaushalendra Singh Sengar said that analysts are analyzing the company on the basis of financials.

There is a possibility of Amazon entering the food delivery business, due to which Zomato will have to infuse more cash. Due to this the company is not likely to make profit at the moment.

Zomato ipo gmp.

Meanwhile, the premium for Clean Science and Technology and GR Infraprojects in the gray market continues to grow. The premium of Udaipur-based company GR Infraprojects is running above Rs 455-460 from the price band of Rs 828-837. Similarly, the premium of Clean Science and Technology is also running at Rs 495-500 more than the issue price.

The company had fixed the price band for the IPO at Rs 880-900. That is, the gray market premium of these companies is running 50 to 60 percent more.

Before the IPO, the brightness of Zomato faded in the gray market, know what is the reason.
Before the IPO, the brightness of Zomato faded in the gray market, know what is the reason.

The IPO of GR Infraproject was subscribed 102.58 times while the IPO of Clean Science and Technology received 93.4 times the bids. The IPOs of both the companies opened on 7 July and closed on 9 July. Both these companies will enter the stock market on Monday, July 19. Given their gray market premium, investors are likely to turn silver.