Although it is the Grey Market, the GMP of the IPO says a lot about the listing price of any IPO. Isn’t it? So, if you are looking forward to applying for initial public offerings of Zomato, then here are the complete details of the Zomato IPO GMP.
As per the IPO review, Zomato is coming with the IPO of size ₹9375 with the price band fixed at ₹72-₹76.
Now let’s see how Zomato IPO is performing in the Grey Market.
Zomato IPO GMP Today
GMP usually depends on two factors:
Expected Demand for the stock
Expected Supply of the stock
Other than this the Grey Market usually contain two important data points:
Grey Market Premium
Higher GMP depicts higher demand of the IPO and hence more probability of the IPO to get listed at the higher price, on the other hand, negative GMP clearly signifies the low demand of the public offerings.
But what does the Zomato IPO GMP data depicts? Let’s check the details in the table below:
Zomato IPO GMP
13 July, 2021
12 July, 2021
11 July, 2021
10 July, 2021
9 July, 2021
Now as per the table above, the IPO GMP percentage is not pretty attractive as the investors are willing only to pay ₹13 additional to get the allotment of the shares.
It is clear from the above data that the subscription of the IPO would not be the same as expected.
What do you think, could be the reason for it? Well! The dropping value of the GMP makes it even more important for you to think of whether you should invest in the GMP market or not?
The final decision eventually depends on your decision but if you find the public offerings profitable and attractive enough then have a quick glance at how to apply for the IPO.