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Zomato IPO: When will it open, IPO price, retail quota, how many shares can you bid for, allotment status

zomato ipoZomato IPO will open for subscription on Wednesday, July 14, and will close on Friday, July 16. The price band for Zomato IPO has been fixed at Rs 72-76.

NEW DELHI: Zomato’s Rs 9,375 crore initial public offering (IPO) will hit the market on July 14. This would be the second-biggest IPO since SBI Cards and Payment Services’ Rs 10,341 crore issue in March 2020.

Calendar 2017’s Rs 11,370 crore offering by General Insurance Corporation of India’s IPO and the Rs 9,600 crore issue by New India Assurance were some of the mega IPOs of recent years, with the Rs 15,475 crore Coal India issue in 2010 still being the chart topper as the biggest ever.

Here are key things you should know about the Zomato IPO.

When will the Zomato IPO open for subscription?
Zomato IPO will open for subscription on Wednesday, July 14, and will close on Friday, July 16.

What is the price band for Zomato IPO?
The price band for Zomato IPO has been fixed at Rs 72-76.

What is the lot size for Zomato IPO?
Investors can subscribe to the initial public offering (IPO) by betting for a lot of 195 shares or in multiples thereof. Retail investors can bid for a maximum of 13 lots at the upper end of the price band.

What is the issue size of Zomato IPO?
The issue comprises of fresh issuance of shares, aggregating up to Rs 9,000 crore, and an offer for sale of up to Rs 375 crore by existing shareholders.

What is the size of the quota reserved for retail investors in Zomato IPO?
The quota for retail investors Zomato IPO is fixed at 10 per cent of the net offer. QIB quota is fixed at 75 per cent while 15 per cent is reserved for NIIs.

Is there any employee quota in Zomato IPO?
Yes. A total of 65 lakh equity shares will be offered to eligible employees.

When will the basis of allotment be finalised for Zomato IPO?
The finalisation of the basis of allotment is likely by July 22 and initialisation of refunds is likely by July 23. Meanwhile, credit of shares to demat accounts is likely by July 26.

On what date will Zomato IPO list?
Zomato listing is likely by July 27.

What are grey market trends suggesting?
Last heard, unlisted shares were commanding a premium of Rs 13-17 in the grey market.

Where can we check Zomato IPO allotment status?
Those who would bid for the issue can check the subscription status on online portal of Link Intime India Private, the registrar to the IPO.

Who are the leading book running managers to Zomato IPO?
Kotak Mahindra Capital Company, Morgan Stanley India Company, Credit Suisse Securities (India) the Global Coordinators and BLRMs. BofA Securities and Citigroup Global Markets India will manage the issue. Link Intime India is the registrar of the issue.

What does Zomato do?
Zomato is an online restaurant aggregator. It offers customers a platform to search and discover restaurants, read and write customer generated reviews and view and upload photos, order food delivery, book a table and make payments while dining-out at restaurants. It also provides restaurant partners with industry-specific marketing tools which enable them to engage and acquire customers to grow their business while also providing last mile delivery service. It also operates a one-stop procurement solution, Hyperpure, which supplies ingredients to restaurant partners.

Who are the listed peers of Zomato?
None. Zomato IPO will be among the first from the list of unicorn startups in India and the first of an online food aggregator. The IPO is likely to value the online food aggregator at close to $9 billion.

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