Vinit Bolinjkar of Ventura Securities spoke to Money9 on what is causing this correction.
The IPO comprises fresh issue of equity shares worth Rs 525 crore and an OFS of 43,111,670 equity shares
"There will be pauses and corrections in every bull markets but I don't see why stock markets can't move higher from here"
The company plans to Rs 525 crore via fresh equity. Promoters and investors will be selling up to 4.3 crore shares via offer for sale.
The success of Zomato IPO and its listing has paved the way for more Indian unicorns to go public
From Paytm to Ola, a look at companies that are looking to raise money through initial public offers
Zomato, which would be the first major new age technology firm to list on domestic bourses, will be opening its Rs 9375 cr IPO on July 14