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| Name | Zomato IPO opens, grey market premium weak; should you subscribe for listing gains? |
| Video Uploader | Video From Inventiva Magazine |
| Upload Date | This Video Uploaded At 14-07-2021 16:54:51 |
| Video Discription | Zomato shares were trading with a weak premium in the grey market just ahead of its Rs 9,375-crore IPO. The public issue will hit Dalal Street today, at the price band of Rs 72-76 per share. On Wednesday morning, Zomato shares were trading at a premium of Rs 5-8 apiece over IPO price of Rs 76, according to the people who deal in shares of unlisted companies. Zomato, India’s homegrown food delivery unicorn, would be the first of many Indian tech startups to list on the stock exchanges. Naukri.com’s parent company, Info Edge holds a stake of about 18.55 per cet in the food delivery platform. The average cost of acquisition of equity shares for the selling shareholders is Rs 1.16 per equity share. The weighted average return on net worth for the last three fiscals is 49.09 per cent. Research and brokerage firms such as Motilal Oswal Financial Services, ICICI Direct, and Ventura Securities have ‘subscribe’ rating, while Kotak Securities and Axis Securities have not given ratings to the IPO. Read More: https://www.financialexpress.com/market/ipo-news/zomato-ipo-opens-july-14-check-grey-market-premium-should-you-subscribe-for-listing-gains/2288396/ Anchor: Palak Yadav Reporter: Financial Express Video Editor: Kshitiz Article URL: https://www.financialexpress.com/market/ipo-news/zomato-ipo-opens-july-14-check-grey-market-premium-should-you-subscribe-for-listing-gains/2288396/ About Inventiva: Inventiva is a part of Nine Network Private Limited. Nine Network is a company registered under Indian Companies Act 2013 and Registered As Nine Network Private Limited CIN: U74140DL2016PTC289760. Inventiva is a fully Licensed & Registered Print Media With RNI (Registrar Of Newspaper For India) Under MIB (Ministry of Information & Broadcasting) With Registration Number DELBIL/2018/76160. NINE NETWORK PRIVATE LIMITED incorporated/ registered as a Private Limited Company on 19-01-2016, is recognized as a startup by the Department of Industrial Policy and Promotion. DIPP Registration & Certificate No.: DIPP20903 Inventiva is a Business Magazine & website covering startups, business, economy & finance, trade insights, updates on launches, events, funding & investment rounds, mergers and acquisitions, awards, technology trends, data insights, marketing & business trends, strategy & planning. Inventiva cover entrepreneurship articles & stories and interviews of entrepreneurs, ceo, cxo, top management, reviews of products and services & tech, ai, ml, vr, analytics news. We also carry some very important aspects of internal & external trade, international affairs which directly or indirectly affects the global as well as Indian economy. In a nutshell we cover almost everything that influence Business, Economy, Finance, Money, GDP, Growth & Development Of Country. Download Inventiva APP, India’s No.1 Business News App: Subscribe to Inventiva YouTube Channel: https://www.youtube.com/channel/UCX8Bc5UVv3Sgkxlb0nWvYKg Connect With Us On Whatsapp At : http://wa.me/+919717329850 Visit Inventiva website: https://www.inventiva.co.in/ Follow us on Facebook: https://www.facebook.com/InventivaIndia/ Follow us on Twitter: https://twitter.com/inventivaindia Follow us on Instagram: https://www.instagram.com/inventivaindia/ Follow us on Linkedin: https://www.linkedin.com/company/28602653/ Follow us on Telegram: Follow us on Google News for latest updates: https://bit.ly/3t3h9u6 For Advertisements & Promotion On Our Youtube Channel, Website, Print Magazine Contact Us At: info@inventiva.co.in For Any Tip, News Byte Or Any other purpose, please get in touch with us at : +91-9717329850 |
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