Zomato, the country’s leading web-based restaurant finding platform andonline food Delivery Company has recently launched an IPO which got immensepopularity among the traders and investors. The IPO of Zomato Limited was unraveled for subscription between 14th and 16th July,2021. The IPO had a minimum lot size of 195 shares with price band attached between Rs. 72-76 per share. It is expected the allotment of IPO will take place around 22-23 July, 2021.
The popularity of the Zomato IPO can be understood from the face that theIPO saw its subscription up to 38.25 times on the last day. On the other side,under the grey market, its shares were citing at a premium of Rs 19 per share more than the issue price of Rs 74-76 per share. The shares were trading at Rs 95 a share, accruing a premium of 25 per cent over its issue price. Zomato is to all set make its foray in the Indian stock markets by the start of next on Tuesday, 27 July 2021. The beginning of refunds or unclogging of funds from ASBA accounts is scheduled to take place on 23 July 2021. While the equity shares will be accredited to the accounts of depository by 26 July 2021 as information obtained from top brokers in India.
Now if you have invested in the IPO of Zomato and waiting for the allotment,the following information could be extremely useful.
When it comes to checking the allotment status of your Zomato IPOapplication, two main methods can be used for this purpose.
Check Zomato IPO allotment status via Link Intime website
In order to check the share allotment position, first choose the companyname as ‘Zomato – IPO’ from the drop-down list on the website. And when it isselected, work on the check box using PAN, Application Number or Depository/Client ID. Basis the entered details, feed the permanent account number or Application Number or Depository/Client ID in the following box. Enter the given captcha in the given space and click on the submit button. This will show up the quantity of shares that you have been applied and allotted.
You may also like to read: Best Demat Account in India
Check IPO allotment status through BSE website
Another option to gauge the allotment status of your Zomato IPOapplication is by using BSE website(https://www.bseindia.com/investors/appli_check.aspx). Choose ‘equity’ as the issue type, and ‘Zomato Ltd’ as the issue name from the drop-down list. Now, enter the application number and PAN (permanent account number). Check on ‘I am not a Robot’ and get the approval. At last, click on the search tab to check the status details.
Few days, when somebody was searching for the popular upcoming IPO in India,Zomato appeared at the top. This clearly defined the popularity of brand in theIndian market.
At present, this is the most preferred way to check the allotment statusof your Zomato IPO application.
