Zomato IPO: How shares are performing in grey market ahead of public offering

Zomato's initial public offering opens for subscription on July 14. Ahead of the IPO, analysts and investors are optimistic about the company's public offering. Here's how unlisted shares of the company are performing on the grey market.

Online food delivery giant Zomato’s initial public offering (IPO) is all set to open for subscription on July 14. Investors and analysts remain optimistic as the unlisted shares of the company are available at a premium of 26 per cent in the grey market ahead of the public offering. Zomato shares were trading at a premium of Rs 16-20 per share — a maximum of 26 per cent premium — on the upper IPO price band of Rs 76, according to data available on IPO Watch and IPO Central. Therefore, the unlisted shares of the company are currently available on the grey market at Rs 92-96 per share.