In the grey market on July 13, the shares were hovering around Rs 83, implying a premium of Rs 7 or 9%
Markets looks to have a great support and any rally which can take the Nifty above 15,930 can push the index above 16,000
Proceeds from the fresh issue would be used towards funding organic and inorganic growth initiatives and general corporate purposes
Going by the grey market trends it seems that Zomato might see a muted listing as the issue is expensively priced
Zomato will definitely get a first-mover advantage but one of the major threats going ahead is competition
Zomato is aiming to raise Rs 9,375 crore through an initial share sale which will conclude on July 19
Paytm would allow users to apply for initial share sales which would significantly increase the participation of retail users in the IPO process
Investors are waiting on the side-lines in anticipation of a correction. When everyone fears correction, markets rarely go that way.
The grey market premium has almost halved to Rs 10.50 compared to Rs 18 when the company announced its IPO dates and price band.
Zomato last week said it plans to raise Rs 9,375 crore through an initial share sale that will open for subscription from July 14-16