Zomato IPO Stellar Debut: Here’s How Investors Can Check Allotment Status

The IPO witnessed 7.45 times bidding from retail investors while qualified institutional buyers or QIBs bid almost 54 times the quota reserved for them and non-institutional investors 35 times.

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Mumbai: The food-delivery platform Zomato made a stellar stock market debut on Friday by listing at Rs116 per share on the National Stock Exchange (NSE), almost 53 percent premium as against the issue price of Rs 79 per share. The company’s share price soared nearly 60 percent from its issue price and trading over Rs 120 per share in the opening deals.

The tech platform witnessed the market capitalization crossing the Rs 1 lakh crore mark, as per BSE. The value stands at Rs 1,08,263.48 crore (as of 10:12 am).

The IPO witnessed 7.45 times bidding from retail investors while qualified institutional buyers or QIBs bid almost 54 times the quota reserved for them and non-institutional investors 35 times. Ahead of the IPO, it had raised Rs 4,196 crore from 186 anchor investors.

The Rs 9,375-crore initial public offering, which was opened for subscription between July 14-16, received huge participation from investors with 38.25 times subscription, also highest in last 13 years among issues valued above Rs 5,000 crore each.

The IPO comprised a fresh issue of equity shares worth Rs 9,000 crore and an offer-for-sale (OFS) worth Rs 375 crore by existing investor Info Edge (India), which is the parent company of Naukri.com. Those investors who have shown interest in Zomato's mega IPO, it’s time for them to track the share allotment status since the shares got listed on the stock market.

How to check share allotment status?

Investors can check their application status through the BSE website. The investors can log in to the site and select the equity category. In the next field, the issue name will be Zomato Limited. Enter the application number, followed by the PAN number, and click on the search button to know the application status.

The Zomato IPO consisted of a fresh issue of equity shares worth Rs 9,000 crore and an offer-for-sale (OFS) worth Rs 375 crore by existing investor Info Edge (India), which is the parent company of Naukri.com.

Zomato will be utilizing the capital from the fresh issue for funding organic and inorganic growth initiatives ( Rs 6,750 crore) and general corporate purposes.