It's Official that Zomato Shares to be Listed Tomorrow


It's Official that Zomato Shares to be Listed Tomorrow

Zomato Ltd. shares will go public on Friday, July 23, a week after the company's initial public offering (IPO) drew record-breaking subscriptions.

Zomato is likely to move its listing date from July 27 to July 23. "The listing could happen as soon as Friday... but there are multiple processes that need to be completed," the sources say.

Today is the first day of the allotment of Zomato IPO shares.

Zomato's initial public offering (IPO) was subscribed to 40.38 times last week, generating demand of Rs 2.13 lakh crore, the highest in 11 years and the third highest in Indian capital market history. The initial public offering (IPO) began on July 14 and ended on July 16.

Zomato shares with a face value of Rs 1 were priced between Rs 72 and Rs 76 per share. The offering included a fresh equity issue worth up to Rs 9,000 crore and an offer for sale (OFS) worth Rs 375 crore by existing investor Info Edge (India). At the upper end of the price range, the company's market capitalisation will be close to Rs 64,500 crore.

Zomato had raised Rs 4,197 crore from 186 anchor investors ahead of its IPO by issuing 552.2 million shares at Rs 76 each.

The Gurugram-based company is the first new-age internet startup to enter the Indian public markets, paving the way for a slew of other firms to follow, including Paytm, Policybazaar, and Mobikwik.

Investors can learn more about Zomato by visiting https://linkintime.co.in/IPO/public-issues.html and selecting it from the drop-down menu. Investors must select a PAN, Application Number, DP Client ID, or Account Number/IFSC and enter the necessary information.

Investors who bid on the issue can check the Zomato share allotment status on the BSE website by going to https://www.bseindia.com/static/investors/application statuschecksystem.aspx.