Zomato share allotment status: Here’s how to check it | Avaneesh Parasar
Investors are eagerly waiting for India’s first startup unicorn listing, whose share allotment is likely to be finalised by Thursday. Last heard, unlisted shares of Zomato were commanding a Rs 16.75–17.25 premium in the grey market up from Rs 10 they was commanding just ahead of the issue. Avaneesh Parasar
The bumper Rs 2.13 lakh crore worth of bids put up for Zomato’s initial public offering (IPO), the third-highest in Indian capital market history, have pushed the grey market premium of the stock higher, and so is investor excitement.
Investors are eagerly waiting India’s first startup unicorn listing, whose share allotment is likely to be finalised by Thursday. The stock market will be shut on Wednesday on account of Bakri Id.
Last heard, unlisted shares of Zomato were commanding a Rs 16.75–17.25 premium in the grey market up from Rs 10 they was commanding just ahead of the issue. Most brokerages expect the issue to deliver solid listing gains, though many have a mixed outlook on the stock’s performance over the medium term, as the issue was deemed overpriced based on several valuation parameters.
The Rs 9,375 crore issue, which was sold in the Rs 72-Rs 76 price band, received strong investor response, with total subscriptions topping 38 times. The quota reserved for qualified institutional buyers (QIBs) was subscribed 54.71 times, while those reserved for non-institutional investors (NIIs) 34.80 times. The retail quota was subscribed 7.87 times.
At the issue price, the company will command a market capitalisation of about Rs 64,500 crore., which will be higher than the combined market value of India’s half a dozen listed quick-service restaurant chains, such as the franchisees of Domino’s, McDonald’s and Burger King, among others.
India has 20 listed hospitality companies with an aggregate market capitalization of about Rs 45,000 crore.
Investors, who have bid for the issue, can check the share allotment status of Zomato on the Bombay Stock Exchange (BSE) website:
- Visit https://www.bseindia.com/investors/appli_check.aspx
- Under the issue type, click Equity
- Under the issue name, select Zomato Limited in the dropbox
- Write the application number
- Add the PAN card ID
- Click on ‘I am not a Robot and hit submit.
