Zomato IPO Share Allotment: The share allotment of Zomato’s IPO may be finalized today, July 22. This IPO of Rs 9375 crore was oversubscribed 38.25 times. The share reserved for retail investors was oversubscribed by 7.45 times. According to experts, the company has decided to do its listing before the predetermined schedule and it can start in the market tomorrow i.e. on 23rd July. Earlier its shares were to be listed on July 27. However, no official statement has been issued regarding this yet. Its shares will be listed on BSE and NSE.
4200 crore was raised from anchor investors
ZomatoIPO was opened for subscription on July 14-16 in the price band of Rs 72-76 per equity share. The face value per share is Rs. Investors had to bid for at least 195 shares. Before the IPO, Zomato had raised Rs 4196.51 crore from anchor investors. Under this IPO of Rs 9375 crore, new equity shares of about Rs 9,000 crore will be issued, while the remaining shares of Rs 375 crore will be issued by Naukri.com’s parent company Info Edge (India) under the Offer for Sale (OFS). Once the allotment is announced, investors can check the status by visiting the link intime and BSE website whether the shares have been allotted to them or not. The link for this issue is Intime India Registrar.
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How to check allotment status through Link Intime India
- Investors can check the IPO status section of the Link Intime India website https://linkintime.co.in/MIPO/Ipoallotment.html after the allotment is finalised.
- After reaching this page, select the IPO whose allotment status is to be checked.
- After this, application number or DP ID / Client ID or PAN, one of these three options will have to be selected, through whose details the allotment is to be checked.
- If Application Number is selected, then select Application Type and enter Application Number. If DP ID / Client ID is selected then select Depository and enter DPIP, Client ID. If PAN is selected then fill the PAN.
- Fill the captcha and submit.
- The information about the number of shares applied for and the number of shares allotted will be displayed on the screen.
Check allotment like this on BSE website
- Investors can check the allotment status on the Stock Exchange BSE website https://www.bseindia.com/investors/appli_check.aspx.
- Select Equity and select the issue name Clean Science & Technology Limited from the drop down menu.
- Enter Application Number and PAN.
- Click on ‘I am not a Robot’.
- By clicking on the search tab, you can see the status details whether the share has been allotted to you or not.
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The share reserved for the employee is just 0.62% times more subscribed
The share reserved for qualified institutional buyers was oversubscribed by 51.79 times, while the share reserved for NIIs was oversubscribed by 32.96 times. The share reserved for employees was oversubscribed by just 0.62 times. Motilal Oswal Financial Services and Ventura Securities gave it a subscribe rating while Kotak Securities, Axis Securities and JST Investments did not give any rating to the issue.
Advice on exiting on listing gains
The issue size of Zomato’s IPO was huge, due to which it did not get oversubscribed. In the gray market, the shares of Zomato are trading at a premium of Rs 24 to the IPO price on July 22. UnlistedArena.com’s founder Abhay Doshi believes that its shares can be listed in the market with a premium of 30-35 per cent and this is a company that cannot be said clearly on fundamentals as to when it will turn profitable. In such a situation, according to Doshi, investors who cannot take the risk should exit taking advantage of the listing gain.