Zomato IPO allotment standing: The preliminary public providing (IPO) of Zomato was subscribed 38.25 occasions over the 71.92 crore shares that have been on supply in the course of the subscription interval from July 14-16, 2021. The value band was mounted at Rs 72-76 per share.
Zomato IPO obtained bids of over 2,751.27 crore (27,51,27,77,370) shares towards the overall difficulty measurement of over 71.92 crore (71,92,33,522) shares, information out there with the National Stock Exchange (NSE) confirmed.
The shares that are to be allotted for the certified institutional consumers (QIBs) was subscribed 51.79 occasions, whereas these of non institutional buyers was subscribed 32.96 occasions and that of retail particular person buyers (RIIs) was subscribed 7.45 occasions. Separately, shares for the workers’ phase was subscribed over 62 per cent, the info confirmed.
The IPO of the meals supply big Zomato was India’s largest to date this yr with a measurement of Rs 9,375 crore. It comprised a recent difficulty of fairness shares price Rs 9,000 crore and a proposal on the market (OFS) price Rs 375 crore by current investor Info Edge (India).
The proceeds from the recent difficulty can be used in the direction of funding natural and inorganic development initiatives and for normal company functions, in keeping with the data within the purple herring prospectus (RHP).
Investors are actually wanting ahead to the share allotment date of the Zomato IPO. The meals supply platform is meant to finalise the allotment by Thursday, July 22, 2021, as per the timeline supplied within the RHP. In case you have got utilized for the Zomato IPO, then right here is how one can verify the standing of your allotment when it will get declared:
The allotment standing will get up to date on the web site of the registrar of the IPO, which on this case is Link Intime India (Click right here: https://linkintime.co.in/MIPO/Ipoallotment.html). Applicants might want to choose Zomato Limited – IPO within the drop-down menu and enter both their PAN, utility quantity or DP Client ID. and click on on search to view their allotment standing.
Apart from the registrar’s web site, candidates may also verify the standing of their allotment on the web site of the BSE (Click right here: https://www.bseindia.com/investors/appli_check.aspx). Here, they might want to choose Equity in Issue Type, then choose ZOMATO LIMITED from the drop-down record within the Issue Name part, enter their Application Number and PAN Number within the respective packing containers after which click on on search to view their standing.
The itemizing of shares of Zomato is prone to happen on Tuesday, July 27, 2021, on each the NSE and BSE.
Kotak Mahindra Capital Company, Morgan Stanley India Company, Credit Suisse Securities (India), BofA Securities India and Citigroup Global Markets India have been the book-running lead managers to the supply.
