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Important Day has come for Zomato IPO As Share Allotment is Likely Today

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After the finalisation of basis of allotment, the company will start the process of refunds on July 23 and equity shares will be credited to eligible investors’ demat accounts around July 26.

After getting a strong response to its IPO (initial public offering) from investors last week, the food delivery company Zomato is likely to finalise the IPO share allocation today, July 22.

Zomato has seen the highest subscription among the IPOs that raised more than Rs 5,000 crore each in last 13 years. The Rs 9,375-crore offer has received stellar response from investors,  subscribing 38.25 times during July 14-16. The portion reserved for qualified institutional buyers (QIB) was subscribed 51.79 times, followed by non-institutional investors with 32.96 times subscription, and retail part 7.45 times.

Anchor book, which is a part of QIB category, also garnered a strong response as the company raised Rs 4,197 crore from anchor investors, at a price of Rs 76 on July 13.

Now, all eyes are on the share allocation, which is expected to be finalised today, as per the schedule available in the RHP. Here are two options, through which investors can check their application status:

One option is on the BSE’s website. Select Equity in the Issue Type field. Select the Issue Name from the dropdown menu (Zomato Limited in this case). In the next field, enter Application Number then the PAN Number and finally click on the Search button to know the application status.

For Full Story: Check out Moneycontrol 

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

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