Zomato IPO GMP in grey market
Zomato IPO GMP today on 14 July is ₹8.75 to rs 9.0 which was at ₹13 to ₹17 yesterday. However, yesterday Zomato IPO in the grey market had jumped from ₹12 to ₹16. So, if we go by the market observers’ views, the expected listing of the Zomato IPO in the grey market is around ₹81 to ₹85, which is around 12 per cent higher from Zomato IPO price of ₹72 to ₹76.
Zomato Limited is one of the leading online Food Service platforms in terms of the value of food sold as of Dec 31, 2020. Zomato has established a strong footprint across 23 countries with 131,233 active food delivery restaurants, 161,637 active delivery partners, and an average monthly food order of 10.7 million customers.
Zomato Company Competitive Strengths
- Among the leading Food Service Delivery platforms.
- Recognized consumer brand equity across India.
- Widespread and efficient on-demand hyperlocal delivery network.
- A strong network of 131,233 restaurants and 161,637 delivery partners.
Zomato Company Promoters:
Zomato is a professionally managed company with no identifiable promoters under the SEBI ICDR Regulations and Companies Act.
Zomato Company Financials:
|Particulars||For the year/period ended (₹ in million)|
|Profit After Tax||(8,164.28)||(23,856.01)||(10,105.14)|
Objects of the Zomato IPO Issue:
The net proceeds from the IPO will be utilized towards the following objectives;
- Funding organic and inorganic growth initiatives.
- Meet general corporate purposes.
Zomato IPO Details
|IPO Opening Date||Jul 14, 2021|
|IPO Closing Date||Jul 16, 2021|
|Issue Type||Book Built Issue IPO|
|Face Value||₹1 per equity share|
|IPO Price||₹72 to ₹76 per equity share|
|Market Lot||195 Shares|
|Min Order Quantity||195 Shares|
|Listing At||BSE, NSE|
|Issue Size||[.] Eq Shares of ₹1
(aggregating up to ₹9,375.00 Cr)
|Fresh Issue||[.] Eq Shares of ₹1
(aggregating up to ₹9,000.00 Cr)
|Offer for Sale||[.] Eq Shares of ₹1
(aggregating up to ₹375.00 Cr)
Zomato IPO Tentative Timetable
The Zomato IPO open date is Jul 14, 2021, and the close date is Jul 16, 2021. The issue may list on Jul 27, 2021.
|IPO Open Date||Jul 14, 2021|
|IPO Close Date||Jul 16, 2021|
|Basis of Allotment Date||Jul 22, 2021|
|Initiation of Refunds||Jul 23, 2021|
|Credit of Shares to Demat Account||Jul 26, 2021|
|IPO Listing Date||Jul 27, 2021|
Zomato IPO Lot Size
The Zomato IPO market lot size is 195 shares. A retail-individual investor can apply for up to 13 lots (2535 shares or ₹192,660).
Zomato IPO Subscription Status (Bidding Detail)
The Zomato IPO is subscribed 0.27x times on Jul 14, 2021 12:28