Zomato likely to get listed tomorrow, check allotment status and other details here

According to multiple media reports, the company is likely to prepone its listing date to Friday, 23 July

After receiving an overwhelming response for its initial public offering(IPO), food aggregator company Zomato is likely to prepone its listing date to Friday, 23 July, according to multiple media reports. The company was earlier expected to get listed to the stock markets next week on 27 July. No official announcement has been made yet regarding the preponement.

The food company is expected to complete the share allocation process by today, 22 June. Investors can check their share allotment status at the following websites:


  1. https://www.bseindia.com/investors/appli_check.aspx
  2. https://linkintime.co.in/MIPO/Ipoallotment.html

Zomato’s IPO was open for a 3 day period from July 14 to July 16 during which investors placed bids for 2,751.25 crore equity shares as against the availability of 71.92 crore equity shares. The IPO worth Rs 9,375 crore got subscribed by 54 times in qualified institutional buyers (QIBs) while retails investors 7.45 times of the portion. The subscription rate for non-institutional or high net-worth investors (HNIs) was recorded 35 times according to data released by the Bombay Stock Exchange (BSE). The overall subscription rate stood at 38.25 times.

The public issue was available for bidding at a price and of Rs 72-76. Shares worth Rs 9,375 crore were available that included a fresh issue of shares and an offer for sale (OFS) from existing investor Info Edge. Prior to the IPO, Zomato also raised Rs 4,197 Cr from anchor investors at a price of Rs 76 per share. From the proceeds of the IPO, about Rs. 6,750 crore will be utilized to fund organic and inorganic growth initiatives while the remaining amount will be used for general purposes, according to the red-herring prospectus filed by Zomato.