It has set the offer price for its public offering at ₹72-76 a share. The offer size will likely be as much as ₹9,375 crore, making it the second-biggest IPO since SBI Cards and Payment Services' ₹10,340 crore offer last year in March. GMP: Zomato grey market premium is trading at around 13-15, around 20% over upper end of the IPO price band of ₹ 76, as per market observers. The grey market is an unofficial platform, wherein trading starts after the announcement of IPO price band till the listing of IPO shares. Zomato initial share sale could propel the 13-year-old food delivery firm into the ranks of India’s 100 most valuable companies.

Source: Mint July 10, 2021 05:26 UTC