Street signs: Zomato GMP at 15-18%, beeline of AIFs at IFSC, and more

Shares of thermal power producers are likely to benefit from the rise in power demand, say analysts

Zomato GMP at 15-18% 

Shares of online food delivery company Zomato are changing hands at a premium of 15 to 18 per cent in the grey market days before its Rs 9,375-crore IPO. Market players said the premium has come off from 25 per cent levels last week. Zomato’s IPO opens on Wednesday. The company will allot shares worth up to Rs 4,200 crore to anchor investors on Tuesday. This will bring down the IPO size to under Rs 5,200 crore. The quota for retail investors — those investing up to Rs 2 lakh — for this IPO is only 10