Zomato IPO: Check share allotment status, latest GMP, and listing details

By Angel Broking | Published on 20th July 2021 | 8916

Zomato IPO: Check share allotment status, latest GMP, and listing details

Online food delivery behemoth, Zomato closed its public issue and has received a strong response from investors, especially QIB and retail categories. 

Subsequently, this company is all set to finalise its IPO allotment status dates and more by this week.

Investors can check Zomato IPO allotment status on Angel Broking’s website or BSE’s official website. Alternatively, they can check the status on Link Intime India Private Limited’s web portal.

Read along to find out crucial details on the Zomato IPO listing date.

How to check Zomato share allotment status?

Via Angel Broking website

Find out Zomato IPO allotment status on the Angel Broking portal through these steps – 

Step 1: Log in to investment account and navigate to menu tab.

Step 2: Click on ‘Investment Opportunities’. 

Step 3: Open IPO section.

Step 4: Click on ‘Order Book’. 

Once these steps are covered, you can check the allotment status of Zomato shares.

Via BSE website

Follow these steps to check the Zomato share allotment status on the BSE website –

Step 1: Visit BSE’s official website.

Step 2:  Navigate to the dropdown menu and select ‘Equity’ from the issue type.

Step 3: Select ‘Zomato Limited’ as IPO name.

Step 4: Verify PAN and application number.

Step 5: Hit “Search”. 

When will Zomato IPO be allotted?

Zomato IPO share allotment will probably be finalised on 22 July 2021 by Link Intime India Private. 

Once the shares are allotted, the expected date of initiation of refunds will be on 26 July 2021. After the formalities of the refund process are concluded, the allotted shares will be credited to subscribers’ Demat account. 

Zomato IPO listing date

Zomato IPO is likely to hit BSE and NSE on 27 July 2021. Ineligible investors are expected to receive their blocked money in the account on 23 July 2021.

IPO schedule

The Zomato IPO is closed for subscriptions. Regardless, the initial public offering of the online food delivery company followed this timeline.

IPO event Date
IPO opened on  14 July 2021
IPO closed on 16 July 2021
Basis of Allotment publication date 22 July 2021
Credit of shares to Demat Account 26 July 2021
Initiation of Refund 23 July 2021
IPO listing 27 July 2021

Basis of Allotment

Zomato IPO shares will be allocated to these shareholder categories based on the existing agreement. 

  • Qualified Institutional Buyer (QIB) – 54% approx. 
  • Retail Individual Investor (RII) – 18.01% approx.
  • Non-institutional bidders (NII) – 27% approx.
  • Employee – 0.90% approx.

Zomato IPO GMP

The company’s Grey market premium has improved, and currently, it is in the range of Rs. 16 to Rs. 17.

Initially, the GMP was in the range of Rs. 8 to Rs. 10, backed by significant demand among HNI and retail investors.

The robust Zomato IPO GMP indicates strong buying interest in the primary market. Typically, the grey market serves as an unofficial platform where the trade starts immediately after the IPO’s price band is announced. The same continues until the shares are listed.

However, it must be noted that an IPO’s GMP does not necessarily have any statistical backing. Instead, it is often a mere reflection of investors’ sentiments. 

Zomato IPO review

The company’s shares were subscribed 38.25 times by the end of 16 July. The Zomato IPO share price band ranged from Rs. 72 to Rs. 76.

Here is a category-wise breakup of the Zomato share subscription.

Category Zomato IPO Shares offered Zomato IPO Subscription Status
QIB 388,837,690 51.79 times
RII 129,558,333 7.45 times
NII 194,337,499 32.96 times
Employee 6,500,000 0.62 times

Zomato offered 719,233,522 shares for subscription, and it was oversubscribed by the end of the IPO. As a result, this public offering has garnered ample attention from investors, reflecting in the Zomato IPO subscription status.

Frequently Asked Questions 

  • What is the Zomato IPO opening date?

The Zomato IPO was opened for subscription on 14 July 2021. 

  • What is the Zomato IPO Listing Date?

The Zomato IPO will be listed on 27 July 2021.

  • What is Zomato IPO GMP today?

As of 19 July 2021, Zomato IPO GMP is 20.

  • When is the Zomato IPO allotment expected?

The expected date of the basis of allotment is 22 July 2021. 

  • What is the lot size for Zomato IPO?

The market lot size of Zomato IPO was 195.