Zomato IPO Share Price, Zomato IPO GMP, Check Zomato IPO Listing Date, Zomato Grey Market Premium and price band and share price. Zomato IPO Share Price is starting from 72 Rs to 76 rs per share with face value of 1 rupee per share.
Final Day Zomato IPO is subscribed 5.07 times. in total 4.99 times is subscribed by retail investors. Today Zomato.com Grey Market Premium is around ₹10 – ₹12, but yesterday it was around ₹8.75 – ₹9.
Zomato IPO is subscribed 100% on Day 1 to almost 10,000 Crore. After all these news coming up Zomato Grey Market Premium dropped to only 15% to 18% per share on 16th July 2021.
Grey Market Price of Zomato is updated below, as it is India’s one of the most trusted food delivery platforms. The platform connects restaurant partners, customers, and delivery partners and serves the needs of people. Customers use the platform to look for restaurants to order food, write reviews & read them, book tables, etc. This helps them in knowing where to order food from or where to go. Now, Zomato is about to start IPO, so we have written about Zomato IPO GMP here in the post.
According to latest news, Zomato is already over valued by 30% in ipo for retail investors as sold to private investors. Therefore, experts says, do not expect much hype in Zomato GMP.
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Zomato IPO GMP
With the help of Zomato, customers will be able to book tables and pay when they dine out at the restaurants. In addition to this, the restaurant partners get marketing tools that are industry-specific. These enable them in engaging and acquiring customers, which further grows their business. Also, the platform provides efficient and reliable delivery services. Now, Zomato is going to open the Initial Public Offer (IPO) for retail on 14th July 2021. The market lot size for Zomato is 195 shares. Right now, Zomato has an IPO offer price of Rs. 72-76 per equity share with Re. 1 face value. An individual investor gets to apply for 13 lots, i.e. Rs. 1,92,660 or 2,535 shares. The company will close the issue on 16th July 2021. After that, the Basis of Allotment will take place on 22nd July and the refunds will start from 24th July 2021. Currently Zomato IPO Grey market Premium is around 15% to 26% above the share price.
Zomato Grey Market Premium Details
When the refunds are initiated, the Demat accounts will get credits on 26th July 2021. Then, the listing of the company will take place on 27th July 2021. Earlier, the company received a go-ahead from Sebi to raise Rs. 8,250 crore via initial share-sale. Currently, the IPO equity shares cost Rs. 7,500 crores. Initially, IPO preliminary papers by Zomato were filled in April but they were observed on 2nd July 2021. This fresh issue will be helpful in increasing the funds for inorganic and organic initiatives of growth. Talking about the growth of the food delivery app, it has seen significant growth in the last few years. Also, the biggest competition of Zomato is Swiggy today. Mentioning the upper price band, it is Rs. 14,820 for a single Zomato lot.
The IPO is 75% for qualified institutional buyers (QIBs), 10% for retail investors, and 15% for non-institutional investors (NIIs). For the IPO, the company has coordinators and managers like Kotak Mahindra Capital Company, Morgan Stanley India Company, and Credit Suisse Securities (India). In addition to this, BofA Securities India and Citigroup Global Markets India are managers. Also, at present, the IPO has a Zomato Grey Market Premium of 15-20%. As the stock is very popular, Co-Founder of UnlistedZone, Dinesh Gupta said the premium may go up ahead.
Grey Market Premium Zomato IPO Dates
The largest shareholder in Zomato is Info Edge is about to have a stake of Rs. 700 crore through the IPO. Also, Dinesh Gupta said that this will be like a litmus test for domestic startups who plan IPOs. Other than this, Zomato has been the biggest beneficiary is covid-19 related restrictions. Now, for the coming quarter, the company is expecting further growth.
Zomato IPO Opening End Date Price Band
|Opening Date||14th July 2021|
|Ending Date||16th July 2021|
|Type||Book Built Issue IPO|
|Fresh Issue||Rs. 9000 Crore with 1184210526 equity shares|
|OFS||Rs. 375 Crore with 49342105 equity shares|
|Face Value||Re. 1|
|Price Band||Rs. 72 to Rs. 76 per equity share|
|Zomato Grey Market Premium Day 1||₹8 to ₹9|
|Zomato GMP Day 2||₹10 to ₹12|
|Lot Size||195 shares|
|Minimum Retail Application||Rs. 1480 for 195 shares|
|Maximum Retail Application||Rs. 192660 for 2535 shares|
|Zomato IPO GMP||15 to 20% As of Now|
|Price Band Announcement||8th July 2021|
|IPO Opening||14th July 2021|
|IPO Closing||16th July 2021|
|Allotment of IPO||22nd July 2021|
|ASBA Unlocking||23rd July 2021|
|Demat Accounts||26th July 2021|
|Listing of Zomato||27th July 2021|
Links To Apply For Zomato IPO and Check GMP
|Related||Top 2021 IPOs|
|Allotment||Zomato.com Share Allotment Status|
|Zomato IPO GMP Grey Market Premium||15% to 20% Currently|
|Zomato IPO Share Price||27-07-2021|
Zomato GMP is currently 30% plus going on.
Link Intime India Private Limited is the registrar to Zomato IPO.
The IPO Lead Managers of Zomato are Kotak Mahindra Capital, Morgan Stanley India Company Private Limited, BofA Securities India, Credit Suisse Securities (India), and Citigroup Global Markets.
27th July 2021 is the Zomato IPO Listing Date.
on 27th July 2021 actual ZOMATO Share Price Will be disclosed.