#zomato ipo allotment date

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Zomato IPO, Share allotment, GMP and listing date

Zomato IPO GMP

Zomato IPO GMP First sale of stock, was oversubscribed in excess of multiple times on the last day of the contribution which was driven by serious areas of strength for a from the Qatar Islamic Bank and retail class.

It was opened from 14 to 16 July. On the third day which was additionally the day of Zomato Initial public offering, It got offers for 29.04 billion offers for an underlying public with a contribution size of 719.23 million.

The QIB-Qualified Institutional Purchaser class was bought in multiple times, and the Retail classification was bought in multiple times. Non-institutional financial backers are 34.80 times higher than workers, 62%.

As per market spectators, Zomato's Dark Market Premium (GMP) has chipped away at everything considered in the ₹16-18 domain. The dim market is an informal stage, where exchanging begins after the statement of the Initial public offering cost range until the Initial public offering shares are recorded.

The issue comprises of a Rs 375 million proposal to sell by the organization's most memorable financial backer, Data Edge, and a new ₹9000 crore issue. Interface Intime India Pvt Ltd. is the enlistment center for Zomato's Initial public offering and in light of the business share allotment which is probably going to be finished on Thursday i.e, July 22, Zomato shares are presumably going to be recorded multi week from now i.e July 27 on the Public Stock Trade (NSE) and the Bombay Stock Trade (BSE).)

Zomato raised ₹ 4,196 crores from a few conspicuous institutional financial backers as a component of the anchor book portion. It has apportioned 552.17 million value offers to moor financial backers for Rs 76 for each offer. The state run administrations of a few nations like Singapore, Blackrock, Goldman Sachs, and Abu Dhabi Venture Authority are a portion of the financial backers who took part in the primary book.

The outcome of Zomato IPO GMP could lean toward impending public contributions for New Age organizations like Paytm, Mobikwik, and Strategy Market. Organizations like Paytm and Mobikwik have as of late recorded their draft archives with market controllers like SEBI, Nykaa, PolicyBazaar, and others are additionally anticipated to do unexpectedly early.

For more Info - Zomato IPO, Share allotment, GMP and listing date

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Latest News Today - Zomato IPO Subscription News: Zomato IPO

Latest News Today – Zomato IPO Subscription News: Zomato IPO

Zomato IPO: Portion reserved for QIB was subscribed 12.06 times by 12 noon today Zomato’s Rs 9,375 initial public offering (IPO), the biggest public offering in more than a decade, closes for subscription today. The IPO of the online food delivery service provider is the second largest IPO after the Rs 15,199.44 crore Coal India share sale way back in October 2010. It is also the first Indian…

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Zomato IPO: Do you want to apply?

What is an IPO?

IPO stands for Initial Public Offering. IPO is the process through which a Private Company can transform itself and convert into a Public Company by selling a portion of their stake to investors in the primary market. Company collects money from the IPO to infuse capital (Equity).

Basic Details of Zomato Company:

Now, jump into the blog.

Actually, no introduction is needed. Zomato Limited is India's one of the leading Online Food Delivery Platforms launched in 2010. As on 31.03.2021, the Company was present in 525 cities in India, with 389,932 Restaurant Listings. The Company also has its presence in 23 countries outside India.

Now, the Company is coming up with a delicious IPO and is planning to raise Rs. 9,375 crore. Out of total capital, there is a fresh issuance of Rs. 9,000 crore and the rest is an offer for sale of Rs. 375 crore by shareholder Info Edge.

The Zomato Company will be the first among India's mega startups to launch an IPO.

The Objective of IPO as per "Red Herring Prospectus"Funding organic and inorganic growth initiativesThe Company wants to spend money on future growth and intends to expand the business.General corporate purposesThe general corporate purposes include acquisition of fixed assets, investments in future subsidiaries, repayment of debt, other capital expenditure, new product development, meeting exigencies and expenses in the ordinary course of business, etc.Financials of Company (Consolidated)ParticularsFor the period (Rs. in Millions)

31.03.202131.03.202031.03.2019

Total Assets87,035.4329,003.8234,134.05

Total Revenue21,184.2427,427.3913,977.17

Profit After Tax(8,164.28)(23,856.01)(10,105.14)

Important Information of IPO:IPO Open Date14.07.2021

IPO Close Date16.07.2021

Basis of Allotment Date (Tentative)22.07.2021

Initiation of Refund (Tentative)23.07.2021

Credit of Shares to Demat A/c. (Tentative)26.07.2021

IPO Listing Date (Tentative)27.07.2021

Listing atBSE

IPO SizeRs. 9,375 Crore

Price BandRs. 72 to Rs. 76 per share

Minimum Lot Size1 Lot

Maximum Lot Size13 Lots

No. of Shares in 1 Lot195 Shares

Minimum Investment AmountRs. 14,820/-

Kotak Mahindra Capital Company, Morgan Stanley India Company Pvt Ltd and Credit Suisse Securities (India) Pvt Ltd are the co-ordinators & book running lead managers of the IPO.

Strong Points:

India's leading online food delivery platform

Brand Value

Widespread delivery networking

A strong network of restaurants and delivery partners

Weak Points:

No identifiable promoter having a major stake

Net loss for last years

Highly competitive sector

Grey Market Premium of Zomato Ltd.:

Grey market premium (GMP) is the price at which the shares are being traded in the grey market. Grey Market is an unofficial market where transactions in an IPO are not backed by SEBI. It is the market where buying and selling of IPO applications and stocks can be done even before listing.

The stock of Zomato Ltd. is currently trading at a premium of 20% to 22% approx. in the grey market.

Listing gain up to 20% can be expected, however, it is dependent on Share Market conditions and performance.

I hope you find this blog helpful in making your decision. Please consider your Financial Consultant before applying to an IPO.

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Zomato IPO share allotment: Company prepones listing date. Check details http://dlvr.it/S4D5BM

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Zomato IPO share allotment: Company prepones listing date. Check details

Zomato IPO share allotment: Company prepones listing date. Check details

छवि स्रोत: फाइल फोटो/पीटीआई Zomato IPO शेयर आवंटन: कंपनी लिस्टिंग की तारीख आगे बढ़ाती है। विवरण जांचें खाद्य वितरण कंपनी Zomato ने गुरुवार को अपनी प्रारंभिक सार्वजनिक पेशकश (IPO) शेयर आवंटन को अंतिम रूप दे दिया। कंपनी 27 जुलाई को सूचीबद्ध होने से पहले शुक्रवार, 23 जुलाई को एक्सचेंजों (बीएसई और एनएसई) में सूचीबद्ध होगी। Zomato का मेगा IPO हाल ही में 38 गुना अधिक सब्सक्रिप्शन के साथ समाप्त हुआ था…

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Latest News Today - Zomato IPO Subscribed 1.05 Times On First Day Of Issue

Latest News Today – Zomato IPO Subscribed 1.05 Times On First Day Of Issue

Zomato Initial Public offering was subscribed 1.05 times on the first day Food delivery service provider Zomato’s ₹ 9,375 crore share sale via initial public offering (IPO) was subscribed 1.05 times on the first day of the issue, according to subscription data on the exchanges. The IPO opened today- July 14 and will close on Friday, July 16, remaining open for investors for a period of three…

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Subscribed to Zomato IPO? Check allotment date and steps to check allotment status | Markets News

Subscribed to Zomato IPO? Check allotment date and steps to check allotment status | Markets News

New Delhi: Zomato’s initial public offering (IPO) was one of the much-awaited offerings of 2021. With the issue subscribing an impressive 38.25 times, investors are now impatiently waiting for the stock to list on public exchanges.   The last date to apply for the stock was July 16. The IPO got an impressive response from all kinds of investors. For instance, qualified institutional buyers (QIBs)…

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