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Zomato IPO

Zomato is among the leading online food services platforms. It is listed as an online market aggregator that connects customers to a partnered chain of local restaurants. Its B2C model has achieved success in both food delivery and dining-out segments.

Zomato generates revenue from Zomato Pro, a customer loyalty program, and Hyperpure, which is involved with the supply of kitchen products and quality ingredients to restaurants. The company’s efficient on-time delivery network and robust 169802+ delivery partners favour its brand image.

Zomato IPO Objectives

- Fund organic and inorganic growth prospects
- Account for miscellaneous corporate purpose

Zomato IPO - Details

The issue size of Zomato IPO amounts to Rs. 9375 crores. The new issue of this IPO amounts to Rs. 9000 crores whereas the Offer for Sale is set at Rs. 375 crores. Other major Zomato IPO details are presented in the table below

Opening Date

July 14, 2021

Closing Date

July 16, 2021

Price Band

₹72 to ₹76

per equity share

Issue Size

₹ 9,375 Cr

Face Value

₹1

per equity share

Market Lot

195 Shares

Opening Date

July 14, 2021

Closing Date

July 16, 2021

Price Band

₹72 to ₹76

per equity share

Issue Size

₹ 9,375 Cr

Face Value

₹1

per equity share

Market Lot

195 Shares

Listing at NSE, BSE

Zomato IPO Important Dates

IPO Open Date 14-Jul-21
IPO Close Date 16-Jul-21
Basis Of Allotment Date 22-Jul-21
Initiation Of Refunds 23-Jul-21
Credit Of Shares To
Demat ACcount
26-Jul-21
IPO Listing Date 27-Jul-21
UPI Mandate Expiry Date 2-Aug-21

Per official report, Zomato IPO will adhere to the following timetable

Note: Investors not allotted or partially allotted Zomato IPO shares will receive the unutilised blocked amount on or before the UPI mandate date.

Zomato IPO Latest News and Subscription Status Today [Live]

Zomato is among the leading online food services platforms. It is listed as an online market aggregator that connects customers to a partnered chain of local restaurants. Its B2C model has achieved success in both food delivery and dining-out segments.

At 05:01 p.m.

- This IPO has been subscribed 38.25x by 5:01 p.m. on Day 3
- It is a public issue of 719,233,522 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 51.79x
- (NII) Non-institutional buyers: 32.96x
- (RII) Retail Individual buyers: 7.45x
- Employees: 0.62x

At 03:47 p.m.

- This IPO has been subscribed 38.02x by 3:47 p.m. on Day 3
- It is a public issue of 719,233,522 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 51.74x
- (NII) Non-institutional buyers: 32.30x
- (RII) Retail Individual buyers: 7.32x
- Employees: 0.53x

At 03:07 p.m.

- This IPO has been subscribed 30.63x by 3:07 p.m. on Day 3
- It is a public issue of 719,233,522 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 42.19x
- (NII) Non-institutional buyers:24.24x
- (RII) Retail Individual buyers: 7.07x
- Employees: 0.53x

At 01:57 p.m.

- This IPO has been subscribed 16.72x by 1:57 p.m. on Day 3
- It is a public issue of 719,233,522 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 23.16x
- (NII) Non-institutional buyers: 11.22x
- (RII) Retail Individual buyers: 6.48x
- Employees: 0.44x

At 01:07 p.m.

- This IPO has been subscribed 10.84x by 1:07 p.m. on Day 3
- It is a public issue of 719,233,522 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 15.10x
- (NII) Non-institutional buyers: 5.79x
- (RII) Retail Individual buyers: 6.12x
- Employees: 0.42x

At 12:37 p.m.

- This IPO has been subscribed 9.65x by 12:37 p.m. on Day 3
- It is a public issue of 719,233,522 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 14.66x
- (NII) Non-institutional buyers: 2.40x
- (RII) Retail Individual buyers: 5.96x
- Employees: 0.41x

At 10:39 a.m.

- This IPO has been subscribed 5.28x by 10:39 a.m. on Day 3
- It is a public issue of 719,233,522 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 7.70x
- (NII) Non-institutional buyers: 0.63x
- (RII) Retail Individual buyers: 5.24x
- Employees: 0.38x

At 05:00 p.m.

- This IPO has been subscribed 4.80x by 5:00 p.m. on Day 2
- It is a public issue of 719,233,522 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 7.07x
- (NII) Non-institutional buyers: 0.45x
- (RII) Retail Individual buyers: 4.73x
- Employees: 0.36x

At 04:06 p.m.

- This IPO has been subscribed 4.51x by 4:06 p.m. on Day 2
- It is a public issue of 719,233,522 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 6.63x
- (NII) Non-institutional buyers: 0.39x
- (RII) Retail Individual buyers: 4.54x
- Employees: 0.32x/span>

At 02:58 p.m.

- This IPO has been subscribed 1.55x by 2:58 p.m. on Day 2
- It is a public issue of 719,233,522 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 1.28x
- (NII) Non-institutional buyers: 0.31x
- (RII) Retail Individual buyers: 4.31x
- Employees: 0.26x

At 02:06 p.m.

- This IPO has been subscribed 1.33x by 2:06 p.m. on Day 2
- It is a public issue of 719,233,522 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 1.00x
- (NII) Non-institutional buyers: 0.27x
- (RII) Retail Individual buyers: 3.99x
- Employees: 0.22x

At 12:59 p.m.

- This IPO has been subscribed 1.28x by 12:59 p.m. on Day 2
- It is a public issue of 719,233,522 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.98x
- (NII) Non-institutional buyers: 0.23x
- (RII) Retail Individual buyers: 3.81x
- Employees: 0.21x

At 11:48 a.m.

- This IPO has been subscribed 1.20x by 11:48 a.m. on Day 2
- It is a public issue of 719,233,522 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.98x
- (NII) Non-institutional buyers: 0.17x
- (RII) Retail Individual buyers: 3.46x
- Employees: 0.21x

At 10:37 a.m.

- This IPO has been subscribed 1.13x by 10:37 a.m. on Day 2
- It is a public issue of 719,233,522 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.98x
- (NII) Non-institutional buyers: 0.15x
- (RII) Retail Individual buyers: 3.12x
- Employees: 0.20x

At 05:00 p.m.

- This IPO has been subscribed 1.05x by 5:00 p.m. on Day 1
- It is a public issue of 719,233,522 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.98x
- (NII) Non-institutional buyers: 0.13x
- (RII) Retail Individual buyers: 2.70x
- Employees: 0.18x

At 03:58 p.m.

- This IPO has been subscribed 0.84x by 3:58 p.m. on Day 1
- It is a public issue of 719,233,522 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.67x
- (NII) Non-institutional buyers: 0.10x
- (RII) Retail Individual buyers: 2.49x
- Employees: 0.09x

At 03:26 p.m.

- This IPO has been subscribed 0.57x by 3:26 p.m. on Day 1
- It is a public issue of 719,233,522 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.20x
- (NII) Non-institutional buyers: 0.09x
- (RII) Retail Individual buyers: 2.41x
- Employees: 0.09x

At 01:48 p.m.

- This IPO has been subscribed 0.40x by 1:48 p.m. on Day 1
- It is a public issue of 719,233,522 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.04x
- (NII) Non-institutional buyers: 0.07x
- (RII) Retail Individual buyers: 1.98x
- Employees: 0.06x

At 01:18 p.m.

- This IPO has been subscribed 0.36x by 1:18 p.m. on Day 1
- It is a public issue of 719,233,522 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.07x
- (RII) Retail Individual buyers: 1.89x
- Employees: 0.05x

At 12:09 p.m.

- This IPO has been subscribed 0.25x by 12:09 p.m. on Day 1
- It is a public issue of 719,233,522 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.04x
- (RII) Retail Individual buyers: 1.35x
- Employees: 0.03x

At 10:48 a.m.

- This IPO has been subscribed 0.15x by 10:48 a.m. on Day 1
- It is a public issue of 719,233,522 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.80x
- Employees: 0.02x

Why should you invest in Zomato IPO?

The pandemic-induced restrictions have prompted an unprecedented shift in consumer preferences, with many falling in the habit of food delivery. In conjunction with work from home policies becoming the norm, the food delivery behemoth can be a good play as far as estimable trends are concerned.

Thus, investors are likely to experience significant upward mobility with one of India’s first unicorn’s stocks. So, why should you not?

Financial highlights

Financial year Total Revenue Total Assets Profit after tax
March 31 2019 Rs 13,977.17 million Rs 34,134.05 million Rs 10,105.14 million
March 31 2020 Rs 27,427.39 million Rs 29003.82 million Rs 23,856.01 million
March 31 2021 Rs 21,184.24 million Rs 87,035.43 million Rs 8,164.28 million

How to apply for Zomato IPO?

You can apply for the Zomato IPO in these ways:

UPI
Link your bank account to a reliable UPI ID and register it with your Angel One account. Proceed to book Zomato IPO shares using the ID, confirm the payment on the UPI app, and block the amount for allotment.

Demat Account

1. If you are already a client of Angel One, apply directly for Zomato IPO, click here.
2. If you’re a new investor Open DEMAT Account for free with Angel One to begin your investment journey.

Zomato IPO - Noteworthy Highlights

Zomato plans to enter the highly competitive grocery segment. Accordingly, the company has acquired a 9% stake in Grofers. It also plans to pilot its own independent grocery line in the market in the future. Besides, here are some of the prominent highlights about Zomato –

- The company has over 389932 active restaurant listings.

- It has a well-connected network of 169802+ delivery partners.

- Zomato is active in around 525 Indian cities.

- Globally, it operates in more than 23 countries.

- There are more than 15 lakh Zomato Pro members.

- Its total Pro restaurant subscribers’ tally is more than 25443.

Zomato IPO - SWOT Analysis

strengths

Strengths

  • Brand recognition: The company has a global footprint in more than 24 countries with a partnered network of over 1.5 million restaurants.
  • Business model: Zomato follows a B2C business model that connects customers to a wide network of restaurants. The company has an asset-less business model, giving it high financial leverage.
  • Marketing: Zomato follows a robustly creative marketing strategy both online and offline. Accordingly, it has a decent customer engagement and has over 11.2 million active users each month.
  • User-friendly: The Zomato app and web portal come with an easy-to-navigate UI.
Weaknesses

Weaknesses

  • Competitors: Over the years, India’s online food ordering industry has grown by leaps and bounds. With newer food ordering apps like Swiggy and Uber Eats, customers have multiple options at their disposal.
  • Security issues: Zomato’s system has been subject to multiple security breaches, having caused user data leakage. This security concern often dissuades cautious new users from using the platform.
Opportunities

Opportunities

  • Market expansion: Zomato is active in over 23 countries. Moreover, it has not reached the saturation point yet. Therefore, given its current market momentum and growth potential, it can be expected that the food delivery service will witness upward mobility and rapid market expansion in the next couple of years.
  • Online users: The percentage of smartphones users with interest access is increasing every day. This opens up a great growth opportunity for Zomato to expand its target base and market presence.
  • Technological development: As the tech space continues to bring in newer innovations, it could open newer paths for Zomato to explore.
Threats

Threats

  • Competition: Newer food delivery platforms with unique offerings are mushrooming now more than ever. It not only limits Zomato’s market expansion scope but also imposes a threat to its existing customer base.
  • Business model: Though Zomato’s business model is currently working in its favour, there are high chances tech developments could impose a foundational threat. If Zomato stops innovating and improving its customer service, its very successful business model could restrain its potential.
Strenghts Strengths
Weaknesses Weaknesses
Opportunities Opportunities
Threats Threats

Strengths

  • Brand recognition: The company has a global footprint in more than 24 countries with a partnered network of over 1.5 million restaurants.
  • Business model: Zomato follows a B2C business model that connects customers to a wide network of restaurants. The company has an asset-less business model, giving it high financial leverage.
  • Marketing: Zomato follows a robustly creative marketing strategy both online and offline. Accordingly, it has a decent customer engagement and has over 11.2 million active users each month.
  • User-friendly: The Zomato app and web portal come with an easy-to-navigate UI.

Weaknesses 

  • Competition: Newer food delivery platforms with unique offerings are mushrooming now more than ever. It not only limits Zomato’s market expansion scope but also imposes a threat to its existing customer base.
  • Business model: Though Zomato’s business model is currently working in its favour, there are high chances tech developments could impose a foundational threat. If Zomato stops innovating and improving its customer service, its very successful business model could restrain its potential.

Opportunities 

  • Market expansion: Zomato is active in 25 countries. Moreover, it has not reached the saturation point yet. Therefore, given its current market momentum and growth potential, it can be expected that the food delivery service will witness upward mobility and rapid market expansion in the next couple of years.
  • Online users: The percentage of smartphones users with interest access is increasing every day. This opens up a great growth opportunity for Zomato to expand its target base and market presence.
  • Technological development: As the tech space continues to bring in newer innovations, it could open newer paths for Zomato to explore.

Threats 

  • Competition: Newer food delivery platforms with unique offerings are mushrooming now more than ever. It not only limits Zomato’s market expansion scope but also imposes a threat to its existing customer base.
  • Business model: Though Zomato’s business model is currently working in its favour, there are high chances tech developments could impose a foundational threat. If Zomato stops innovating and improving its customer service, its very successful business model could restrain its potential.

Zomato vs Swiggy: A competitive analysis

Swiggy is one of the strongest competitors of Zomato in India, with an almost equal market share. This table offers a valuable insight into the parameters where Zomato presently faces strong competition from Swiggy.
Company Number of operational cities Restaurant partners Delivery partners Average order value in crores (Rs.) Gross merchant value in crores (Rs.)
Zomato 525 389,932 169,802 40 11,944
Swiggy 523 160,000 240,000 47 14,930
Zomato may also have to compete with Amazon in the future. The latter already has an up-and-running food delivery vertical operating in Bengaluru, which is likely to expand in due time.

Report from our researchers

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Zomato IPO FAQs

What is an IPO?

IPO is a process for unlisted companies to list in the stock exchange by selling equity shares in the public market. Companies raise funds by issuing IPO equities in the primary market.

What is the Zomato IPO?

Indian IT startup unicorn Zomato has filed preliminary papers with SEBI to raise Rs 8,250 crores in IPO. Their offer will combine Rs 7,500 crores in primary components and Rs 750 crores from investor Info Edge.

How to apply for the Zomato IPO through Angel One?

If you are an Angel One investor, you can apply from your user account on the Angel One website or mobile app. Don’t miss an opportunity to invest in the Zomato IPO when it opens. Open a Demat Account with Angel One today. Click Here.

When will the Zomato IPO open?

Dates are not finalised yet.

What is the minimum lot that an investor can apply for in Zomato IPO?

Investors can apply for a minimum of 1 lot, i.e., 195 shares in this Zomato IPO.

Who is the registrar of Zomato IPO?

Link Intime India Private Limited is the registrar of Zomato IPO.

How to apply for the Zomato IPO?

Investors can apply through a brokerage or their banks. All applications need to be backed by an ASBA form - a self authorisation declaration through which investors allow banks to block funds in their account equivalent to the application amount.

Where to check the Zomato IPO allotment status

You can check it in the Link Intime India’s official portal.

When is the Zomato IPO listing date?

Not updated yet.

How to pay for the Zomato IPO using UPI?

To make payments through UPI, link your savings account to the UPI platform, either BHIM or Google Pay. While making payment, make sure you have enough funds in the account.

How many shares can a retail-individual investor apply for in Zomato IPO?

A retail-individual investor can apply for a maximum of 13 lots, i.e., 2535 shares amounting to Rs. 192660.

Does Zomato IPO have an employee quota?

Nearly 65 lakh shares have been set aside for eligible employees.

Does Zomato have any listed peers?

In the food aggregator industry, Zomato is the first company to be listed in India. It is also one of the first unicorns in India to be listed.

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