consultantsreview logo

Consultants Review Magazine

Zomato's IPO Shares to be Distributed Today; Here are Two Ways to Check the Status of your Application

Zomato, the meal delivery firm, is expected to finalize the IPO share distribution today, July 22, after receiving a robust response to its IPO (initial public offering) last week. In the last 13 years, Zomato has received the largest subscription among the IPOs that have raised more than Rs 5,000 crore each. Investors responded enthusiastically to the Rs 9,375-crore offer, subscribing 38.25 times between July 14 and 16. Qualified institutional buyers (QIB) received 51.79 percent of the subscriptions, followed by non-institutional investors with 32.96 percent, and retail buyers with 7.45 percent.

Anchor book, which is a part of QIB category, also garnered a strong response as the company raised Rs 4,197 crore from anchor investors, at a price of Rs 76 on July 13. Now, all eyes are on the share allocation, which is expected to be finalised today, as per the schedule available in the RHP. Here are two options, through which investors can check their application status:

One option is on the BSE's website. Select Equity in the Issue Type field. Select the Issue Name from the dropdown menu (Zomato Limited in this case). In the next field, enter Application Number then the PAN Number and finally click on the Search button to know the application status.

Alternatively, investors can also check the application status on the IPO register's website by following a few easy steps. In the Select Company field, click on Zomato from the dropdown menu. Investors then have to choose either PAN, Application Number or DP Client ID or Account number/IFSC option. Accordingly enter either the details and then click on the Search button to know whether the shares were allotted to you or not.

After the finalisation of basis of allotment, the company will start the process of refunds on July 23 and equity shares will be credited to eligible investors' demat accounts around July 26. The shares of Zomato will start trading on both BSE and NSE from July 27.

Magazine Current Issue