Why average Indian investors shouldn’t pin their hopes on the Zomato IPO ...Middle East

Quartz - Economy
Why average Indian investors shouldn’t pin their hopes on the Zomato IPO
source : Quartz ( Middle East ) () 26
Restaurant discovery and food delivery firm Zomato’s IPO is generating a ton of excitement among Indian stock market investors. But regular investors waiting to buy shares of the company may be in for some disappointment.In Zomato’s debut on the BSE today (July 14), just 10% of the share will be available for retail investors.“Whenever it is 35% also, we don’t get it (shares) many times…do we really feel we are so lucky that we’re going to get the IPO in 10% allocation also? It’s going to be terribly difficult,” chartered accountant and financial content creator Rachana Ranade said in a July 13 YouTube stream.Read the rest of this story on qz.com. Become a member to get unlimited access to Q

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