The major Zomato share price on the Grey market is available today at premium €23 on the online food service platform. This means, today Zomato IPO GMP is — l’alto23, which is — l’alto2 from the previous Zomato IPO grey market premium of — l’alto21.
The market observers have indicated that Zomato IPO GMP has continuously increased since 14 July 2021—the opening date of Zomato IPO subscription.
It was noted that on 14 July, the price premium of Zomato’s shares in the grey market grew from a 10% increase on 14 to 23% on 22 July 2021 — a 130% increase in the grey premium of Zomato IPO.
Zomato was reported to be a 10% increase. What does IPO GMP increase mean in Zomato? According to market observers, this increase in the Zomato IPO GMP shows that the future public problem is getting positive to very positive.
They say that Zomato IPO GMP at €23 today means that the market expects an additional 23rd of the public bid to be listed in the Indian stock exchanges.
Accordingly, Zomato’s IPO price band is 72 to 76 according to the Red Herring Prospecto (RHP), which means that the grey-market expects Zomato to list at around 0.99%, almost 30% higher than the price offered.
However GMP is not concrete and should be relied upon so much, Avinash Gorakshkar, head of research of the Profitmart Securities department. He said that the public offering changes in one day, and it’s an inofficial short-term feeling.
Gorakshkar added that even those whose public interests are at stake in the public question are involved in the gery market.
It may therefore sometimes be misleading, and bidders and other observers should rely on the company’s balance sheet as the financial health of the company is clear. It should be noted.
Zomato IPO: Listing Win Expected Ashok Holani, director of Holani Consultants Private Limited, stated that, in relation to the company’s financial resources, the Zomato IPO listed earnings may be expected to be around 25 per cent or roughly €15 per Zomato share at the public issue date of listing.
IPO Details of Zomato The Demat Account for Lucky Bidders is scheduled for a Zomato credit on 26 July 2021, while a preliminary date of listing for Zomato IPO is 27 July 2021.
