According to the market observers, rise in Zomato IPO GMP in the last two days has played a major role in rise in Zomato IPO subscription by 16th July 2021. They said Zomato IPO grey market premium today is ₹14, which is ₹4 up from yesterday's Zomato share price in the grey market. Expecting Zomato IPO listing at reasonable gains Avinash Gorakshkar, Head of Research at Profitmart Securities said, "Grey market premium of an IPO is considered a short-term indicator about the fate of an IPO. So, the rise in Zomato IPO GMP today means one can expect Zomato IPO listing at around ₹90 — means around 18 per cent listing gains for the lucky bidders. Zomato IPO listing date is 27th July 2021 and Zomato shares will get listed on this date at both NSE and BSE.

Source: Mint July 17, 2021 06:15 UTC