The Zomato IPO open date is Jul 14, 2021, and the close date is Jul 16, 2021.
How Zomato IPO will be allotted?
If Zomato IPO oversubscribed in the retail category, the Zomato IPO shares will be distributed on a proportionate basis to Retail Individual Investors (RII). Each retail investor will get a minimum of 1 lot subject to the availability of shares in the retail portion.
How do you check if Zomato IPO is allotted?
Zomato IPO share allotment status: Here’s how to check
- Open the official website of BSE India – bseindia.com.
- Click on ‘Status of Issue Application’ link available on the homepage of the website.
- Select ‘Equity’ in Issue Type.
- Select ‘Zomato’ in Issue Name.
- Enter your Application number and PAN.
At what time Zomato will list?
As per the BSE notification, on Friday, the bourses will hold a special pre-open session for the stock for 15 minutes ahead of its listing at 10:00 am. Zomato will price its shares at ₹76 per share each in its initial public offering.
Is Zomato IPO alloted?
Zomato IPO – Finalisation of share allotment is likely to be completed on 23 July. The initiation of refunds will begin on 26 July. The transfer of shares to the demat accounts will take place on 27 July.
Is Zomato profitable?
Food delivery aggregator Zomato reported a consolidated loss of ₹356.2 crore during the quarter ended June 30, 2021. The Deepinder Goyal-led company had posted a loss of ₹99.8 crore in the year-ago period.
Is Zomato IPO worth buying?
The IPO price was still reasonable, but, to buy the stock at Rs 124 is overexuberrance. We suggest investors to stay away and wait for the stock to decline to buy. Having said that, there is little doubt that the brand of zomato is solid. However, at these levels the stock is not a good buy.
Is Zomato listed in stock market?
Zomato shares listed at ₹116 on the the National Stock Exchange (NSE) on Friday, a 53% premium over the IPO price of ₹76, and closed at ₹125.8 per share on its first day.
What is the status of Zomato IPO?
New Delhi: Zomato IPO Allotment status is out and listing is being done today. The three-day subscription for the initial public offering of Zomato was closed last week. Now Zomato IPO is being listed on share market on Friday. Total size of the much-awaited IPO of the online food delivery platform is Rs 9,375 crore.
How can I buy Zomato shares before IPO?
Here’s how you can buy shares:
- Download the Paytm Money app.
- Login with your Paytm details.
- Select the Zomato IPO option and fill in your investor details.
- Enter the lot size.
- Accept the mandate on the BHIM portal.
When zomato shares will come?
Mumbai: Shares of Zomato Ltd. will list on Friday, July 23, a week after its initial public offering (IPO) clocked record-setting subscription numbers.
Why zomato is in loss?
Zomato said the increase in losses is due “largely on account of non-cash Esop (employee stock ownership plan) expenses, which have increased meaningfully in Q1 of FY22 due to significant Esop grants made… pursuant to creation of a new Esop 2021 scheme. ‘
Is Zomato overvalued?
Not only Jhunjhunwala, but famous valuation expert Aswath Damodaran, Professor of finance at the Stern School of Business said Zomato is a money-losing, cash burning enterprise with overvalued valuation. … That said, the stock’s pricing (₹72-75 per share) makes it too expensive, notwithstanding my story,” said Damodaran.
Should I hold Zomato?
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Advising Zomato shareholders to hold the counter further; Sumeet Bagadia, Executive Director at Choice Broking said, “One should hold the counter as it may go up to ₹150 in immediate-short-term.”
Will Zomato give listing gains?
In the unofficial market for unlisted shares, known as grey market, Zomato’s unlisted shares are changing hands at around 30 per cent premium. Grey market premium is often considered a good indicator of possible listing gains. Zomato’s entry on Dalal Street has opened the doors for other new-age tech-driven startups.
Who funded Zomato?
Zomato connects over 55 million users to restaurants in 24 countries. It is backed by investors such as Tiger Global, Temasek, Baillie Gifford, Kora, Luxor, Fidelity (FMR), D1 Capital, Baillie Gifford, Mirae, Steadview, and Ant Financial.
Who is the owner of Zomato?
‘The brightest person in the room’: Meet Gaurav Gupta, co-founder, Zomato. Focused and passionate, but level-headed and approachable.
Why is Zomato coming up with an IPO?
The major objectives of the IPO for Zomato would be funding organic and inorganic growth opportunities, and for general business purposes. Beyond directory and food ordering Zomato is also building its focus on providing better raw materials to restaurants to increase consumer trust in the safety of the food.
At what time IPO allotment happens?
In about 7 days’ time, the registrar of the IPO finishes and confirms allotment of the to successful bidders. The IPO allotment status can be checked via the website of the registrar.
How can I check allotment of zomato IPO in Zerodha?
You can check the Zomato IPO allotment status via the BSE direct online link or through the website of the IPO registrar. The allotment of shares has been finalised as per Zerodha. However, Edelweiss puts the allotment date on 23 July. The ZOMATO IPO stock is expected to get listed on 28 July.
Can we sell IPO on listing day?
You can sell your allotted IPO shares in India on listing day without any issues. However, if you wish you can hold them as much as you want and sell them on any business day on which the stock market is open.
Should I invest in Zomato stock?
Domestic brokerage and research firm ICICI Securities on Monday said that it has initiated coverage with a Buy rating on Zomato, and sees it as a great value stock unlike what street believes it to be. It sees huge upside on the home-grown food-delivery company’s stock with a target price of ₹220 per share.