The Zomato IPO share allotment is expected this week; here’s how to verify the progress of your application

After finishing the public offering last week, food delivery firm Zomato is set to complete the IPO share allotment this week.

During July 14-16, the largest IPO of the current year 2021 received an incredible response from investors, with an oversubscription of 38.25 times .Non-institutional investors were subscribed 32.96 times, and eligible institutional purchasers were subscribed 51.79 times.

For the Rs 9,375 crore issuance, investors submitted more than Rs 2 lakh crore in bids, including Rs 1.5 lakh crore from qualified institutional buyers for whom up to 75% of the offer was reserved. The response to its anchor book was equally impressive, with the company raising Rs 4,197 crore on July 13 at a price of Rs 76 per share. A fresh issue of Rs 9,000 crore was included in the offer. Now, all investors will be looking forward to the company’s share allotment, which is slated to be finalised on July 22, as per the prospectus’ schedule. The share allotment can be checked on the BSE or IPO registrar’s websites.

Select the company name ‘Zomato Limited – IPO’ on the IPO registrar’s website. ‘PAN number,’ ‘Application Number,’ ‘DP Client ID,’ or ‘Account Number/IFSC’ are all valid options. Then, to find out the status of your allotment, click the ‘Submit’ button. Ineligible investors will receive their money back in their bank accounts on July 23, once the basis of allotment is finalised, and equity shares will be issued.

With effect from July 27, trading in equity shares will begin. According to data from IPO Watch and IPO Central, shares are currently available for a premium of Rs 15 in the grey market. This resulted in a price of Rs 91, which was 19.7% more than the issue price of Rs 76.The grey market is an unofficial venue where IPO shares are traded from the time the price band is published until the shares are listed on bourses. “The grey market premium for an IPO has no statistical basis and is simply a reflection of the investors’ sentiment.” The grey market premium is more of a sentimental indicator, but it can help you boost your chances of winning.

Zomato is a food delivery service based on technology that began as a content and discovery platform for restaurants. Customers, restaurant partners, and delivery partners are all connected through Zomato’s technological platform, which caters to their various demands.

The corporation makes the majority of its money from four different sources. 1) Delivery of food 2) Going out to eat 3) Ultra-pure 4) Zomato Pro is a paid version of Zomato. The greatest segment is food delivery.

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