Zomato IPO GMP (Grey Market Premium) Increases, What Are Other Fundamentals?

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Zomato is all set to launch its prolonged awaited IPO with an issue price band of Rs 72 to Rs 76. Zomato’s grey market premium has increased from Rs 8/share to Rs 13/share from yesterday. According to technical & fundamental analysts, Zomato grey market premium will increase tomorrow as well. They define the food delivery startup to hold strong financial fundamentals. If we consider the observations of market researchers, Zomato share price will list around Rs 93 to Rs 95 which is 20% above actual Zomato share price offering (Rs 72 – Rs 76)

What is Grey Market Premium (GMP) & How it is decided?

Grey market premium (GMP) is  the price at which the stocks are being traded in the grey market. For example, let’s assume the issue price for stock X is Rs 100. If the grey market premium is Rs 200, it means that people are ready to buy the stocks of company X for Rs 300; (i.e. 100+200). Zomato IPO GMP (Grey Market Premium) is Rs 5 more than the actual issue price of its stock. People are ready to pay Rs 5 extra for what they can get for less. This increases the demand for the company’s share when listed.

Zomato Grey Market Premium Increased By 5 Rs In Just One Day Ahead Of IPO. 

How does the demand for anything increase? Zomato holds strong fundamentals & influential financial backers like Info Edge. Zomato IPO GMP was trending at Rs 8 per share which rose up to Rs 13 in just one day. Experts suggest that getting a Zomato IPO lot will definitely give profits to the investors. There are various reasons on why Zomato IPO GMP (Grey Market Premium) is increasing daily. 

Zomato has been in the news for a few days. Zomato is one of the first new age startups to launch its IPO. The reason for excitement is that many brokerage firms are offering IPO services with Zomato IPO advertising. One can Pre-Apply For Zomato IPO Using This Platform Now which offers investors to indulge in early investment in the firm. Paytm Money is also offering Zomato IPO application well before its actual live date.

Zomato financials have been strong with the biggest investment from the parent organisation of Naukri.com, Info Edge. FY20 was a favourable year for food delivery in India. While FY19 saw hyper-competition between four well-funded food delivery players, FY20 ended with a two player market structure. Zomato’s FY20 India Food Delivery GMV grew by 108% over FY19. Not only this, Zomato also acquired Uber Eats in 2020 constituting its bigger valuation.

According to Zomato’s report  “Most of the remaining delta in demand is due to young professionals in large cities migrating to their parents’ homes (often in small town India) where home cooked food is the norm, especially during a pandemic.”

So will you be investing in Zomato IPO after knowing its GMP?

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