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Also the listing gains don’t seem that high!
Might give premium on listing but Zomato is a sinking ship.
Giving it a miss. Looking forward to investing only after profits show up
I believe there might be some listing gains but there will definitely be a correction as the evaluation seems too high for a company making huge losses (common for big startups in the initial years though). There will be a better time to invest in it in the future.
IPOs in super bull market phase are all pricey and exaggerated. Listing gains are basically a flip of coin. Better opportunities are available in the secondary market. But if the thrill of ipo is what you like, you can go for it. Probably will end up providing some gains too. But it's always a gamble.