logo
Logo

Zomato IPO, Share allotment, GMP and listing date

The issue consists of a Rs 375 million offer to sell by the company's first investor, Info Edge, and a new ₹9000 crore issue. Link Intime India Pvt Ltd. i

Zomato's IPO – Initial public offering, was oversubscribed more than 40 times on the last day of the offering which was led by a strong response from the Qatar Islamic Bank and retail category. It was opened from 14 to 16 July. On the third day which was also the day of  Zomato IPO, It received offers for 29.04 billion shares for an initial public with an offering size of 719.23 million.
The QIB- Qualified Institutional Buyer category was subscribed 55 times, and the Retail category was subscribed about 8 times. Non-institutional investors are 34.80 times higher than employees, 62%.

According to market observers, Zomato's Grey Market Premium (GMP) has worked on all things considered in the ₹16-18 territory. The grey market is an unofficial platform, where trading starts after the declaration of the IPO price range until the IPO shares are listed.

image
The issue consists of a Rs 375 million offer to sell by the company's first investor, Info Edge, and a new ₹9000 crore issue. Link Intime India Pvt Ltd. is the registrar for Zomato's IPO and based on the business share allocation which is likely to be completed on Thursday i.e, July 22, Zomato shares are probably going to be recorded one week from now i.e July 27 on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).)
Zomato raised ₹ 4,196 crores from several prominent institutional investors as part of the anchor book allocation. It has allocated 552.17 million equity shares to anchor investors for Rs 76 per share. The governments of several countries like Singapore, Blackrock, Goldman Sachs, and Abu Dhabi Investment Authority are some of the investors who participated in the main book.
The success of Zomato's IPO could favor upcoming public offerings for New Age companies like Paytm, Mobikwik, and Policy Bazaar. Companies like Paytm and Mobikwik have recently filed their draft documents with market regulators like SEBI, Nykaa, PolicyBazaar, and others are also expected to do so soon.

Credits- Livemint,

            The Siasat Daily

Also Read-  G R Infraprojects IPO Offers Strong Stock Market Listing with Over 100% Premium, Stock Open at ₹1700



  • Share


POPULAR POSTS

HealthKart Secures $153 Million Investment from ChrysCapital and Motilal Oswal Alternates
by  B2B Desk, 2024-11-19 07:07:40
Former Orios Partners Launch BlueGreen Ventures with USD 75 Million Fund to Invest in Early, Late-Stage Startups
by  B2B Desk, 2024-11-14 06:45:00
BharatPe renames 12% Club app as Invest BharatPe; enters larger wealth management play
by  B2B Desk, 2024-10-29 06:18:40
Blinkit Introduces EMI Facility for Orders Over ₹2,999; Mixed Reactions from Netizens
by  B2B Desk, 2024-10-24 10:08:32
Mahindra Finance Collaborates with Salesforce to Boost MSME Lending
by  B2B Desk, 2024-10-16 08:46:16
Decoding Boat’s Business Model: How the Brand Dominates the Consumer Electronics Market
by  B2B Desk, 2024-08-28 12:28:17
The Best Startup Companies in Pune Revolutionizing Industries
by  B2B Desk, 2024-08-22 11:41:44
banner

Follow on Insta

RECENTLY PUBLISHED

banner

Kenya Cancels Proposed Airport, Power Transmission Deals with Adani Group After US Indictments

banner

UPI 123 Pay: Key Changes to Come into Effect Before January 1

banner

Suditi Industries Acquires Iconic Kidswear Brand Gini & Jony

banner

Adani Group to Invest USD 2 Billion in International Convention Centre, Challenges Jio World Centre

banner

India Joins Hands with Elon Musk’s SpaceX to Launch Its Most Advanced Satellite Next Week

banner

Vedanta Ltd to Invest $500 Million in Tokyo-Based Display Glass Arm AvanStrate Inc

logoSubscribe now
x
logo