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, 2023. 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) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 87,035.43 | 29,003.82 | 34,134.05 | ||
| Total Revenue | 21,184.24 | 27,427.39 | 13,977.17 | ||
| 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, 2023 |
| IPO Closing Date | Jul 16, 2023 |
| 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, 2023, and the close date is Jul 16, 2023. The issue may list on Jul 27, 2023.
| IPO Open Date | Jul 14, 2023 |
| IPO Close Date | Jul 16, 2023 |
| Basis of Allotment Date | Jul 22, 2023 |
| Initiation of Refunds | Jul 23, 2023 |
| Credit of Shares to Demat Account | Jul 26, 2023 |
| IPO Listing Date | Jul 27, 2023 |
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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 195 | ₹14,820 |
| Maximum | 13 | 2535 | ₹192,660 |
Zomato IPO Subscription Status (Bidding Detail)
The Zomato IPO is subscribed 0.27x times on Jul 14, 2023 12:28