On 16th July, the Initial Public Offering (IPO) of food aggregator, Zomato Limited ended. As per the reports, the RIIs (Retail Individual Investors) subscribed for the same 3.93 times over the three days period. The Qualified Institutional Buyers (QIBs) subscribed to the IPO issue over 28 times while the non-institutional investors subscribed to it 17.36 times.
On July 23, the finalization of the Zomato share allotment is going to finish and initialization of the funds will commence from July 26, while the transferring of the shares will occur on July 27, 2021. For the listing date, it is expected to be on July 28th as per the brokerage firm Edelweiss. You will be able to keep an eye on the allotment status on the website of BSE.
To find out the IPO allotment date:
Step 1: Visit the official website of BSE.
Step 2: Select ‘Equity’ for issue type in the dropdown menu. Then select the name of the IPO, which is ‘Zomato Limited’ for this particular case.
Step 3: In this stage, you will be asked to verify your PAN number and application number. When you will be ready you can select the search button and look at your IPO allotment on the screen.
Also Read: Zomato's Much Awaited Rs.9375 Crore IPO Opens Its Subscription from July 14
To check the Zomato IPO allotment on the Zomato IPO allotment link, follow these steps:
Step 1: Visit Link Intime India Private Limited IPO allotment link, and again click on IPO Name: ‘Zomato Limited”
Step 2: Fill in all the details including PAN Number, application number, or DP ID. After this click on the search button and know your IPO Allotment on the screen.
This three-day IPO was launched on July 14, 2021, and the issue size was Rs 9375, prices ranging from 72-76 shares. The sponsor bank is ICICI Bank and The booking Running Lead Managers (BRLM) are Morgan Staley, Credit Suisse Securities, BofA Securities India, Kotak Mahindra, and Citigroup Global Markets India Pvt. Ltd.