The most popular online food delivery platform named Zomato’s IPO share allotment is anticipated to be concluded on 22nd July 2021 on Thursday and its stocks are expected to be posted next week on 27th July 2021 on the exchanges such as National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The IPO of the organisation began from 14th July to 16th July and on the last day of the allotment, the IPO was subscribed around 40 times accompanied by the great answer from QIBs and the local section. On the other hand, on the third and last day of charge, the Zomato IPO got tenders for 29.04 billion investment stakes upon an IPO size of around 719.23 million.
The qualified institutional buyer (QIB) section was subscribed around 55 times, on the other hand, the local section was subscribed over 8 times while Non-institutional traders had 34.80 events and that for workers was obeyed at around 62%. The grey business incentives for Zomato also continues strong, indicating solid investing credit in the initial business. Talking about the grey market then this is an unauthorised stage, wherein exchanging origins after the publication of the IPO cost chain till the list of the shares of IPO revealed.
The grey market for the Zomato has doubled up to Rs 17-18 which is rasided from Rs 8-10 at the beginning of the week when the demand of the IPO is higher amid local and HNI traders. The number included an proposal for purchase of Rs 375 crore by the organisation’s initial traders as Info Edge with a modern and new issue meriting Rs 9,000 crore. The company raised the cost to Rs 4,196 crore from various famous institutional traders as portion of an security book demand.
Website to Check Allotment Status:
- BSE website
- Link Intime India website
For checking the stake allotment status the traders have to open the BSE website named https://www.bseindia.com/investors/appli_check.aspx. After that the traders have to choose the equity share as the issuance model, and ‘Zomato Ltd’ as the subject title from the drop-down record, when it gets published. Then you have to fill the application number and PAN number then, tap on I am not a Robot. At last, tap on the search tab to see the status information.
One more method to find the part state in Zomato is via the website of Link Intime and for checking the status, choose the organisation title as Zomato IPO which is on the drop-down list of the website of Link Intime India when the IPO gets published. Find the box named PAN, Application Number or Client ID, then fill the permanent account number or fill the Application Number or fill the Client ID in the desired section. Fill the given captcha in the vacant space and then tap on the submit button. Stay tuned with us.
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