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We suggest investors to stay away and wait for the stock to decline to buy. Having said that, there is little doubt that the brand of zomato is solid. However, at these levels the stock is not a good buy. The IPO had opened for subscription on July 14, in a price band of Rs 72-76 per share.
Will Zomato give listing gains?
In the unofficial market for unlisted shares, known as grey market, Zomato’s unlisted shares are changing hands at around 30 per cent premium. Grey market premium is often considered a good indicator of possible listing gains. Zomato’s entry on Dalal Street has opened the doors for other new-age tech-driven startups.
What is listing gain in stock market?
Either the shares of the company open or start getting traded at a price higher than the allotment price, or they trade lower than it. The difference between the opening price of the stock and the allotment price in the former scenario (where listing price is higher than allotment price), is called the listing gain.
How much should I invest in Zomato?
Its Rs 300-crore initial investment is now worth Rs 7,448 crore. To be sure, it too topped up on its investment in further rounds and its total would be higher.
What will be Zomato listing price?
Zomato IPO Listing Date
| Listing Date | Friday, July 23, 2021 |
|---|---|
| Listing In | B Group of Securities |
| ISIN | INE758T01015 |
| IPO Price | ₹76 per equity share |
| Face Value | ₹1 per equity share |
Should I sell on listing day?
Should We Sell IPO Shares On Listing Day. Many past IPOs have shown a 70\%-80\% of returns in pre-market sessions, hence several analysts recommend placing orders in the pre-market session period itself. In fact selling IPO shares on a listing day is one of the best ways to earn money in share market.
What is the future of Zomato?
Global financial major UBS initiated coverage of Zomato with a ‘Buy’ rating and a 12-month target price of Rs 165. It expects the online food delivery major to grow at a CAGR of 40 per cent, making it one of the fastest growing internet companies in India.