The much-awaited initial public offering (IPO) of food-delivery platform Zomato opened for subscription on July 14 to enthusiastic response from retail investors even as debate rages over its valuations.
Rajnath Yadav, Research Analyst, Choice Broking, thinks that Zomato IPO is at a significant premium to the peer average and is unlikely to see much listing gains.
Zomato IPO oversubscribed on day-1
Zomato IPO: GMP, subscription status, other details here
Zomato IPO Subscribed 1.05 Times On First Day Of Issue
Zomato IPO: New-Age Investors Making Waves; Over 60% of Applicants Under 30 Years
