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Zomato IPO Opens Today : GMP, Share Price, Dates, and Should you Buy or Not?
Its issue size is Rs 9375 crores out of which Rs 9000 crores of shares are from fresh issue and Rs 375 crore of shares are from offer-for-sale.
The highly awaited Zomato IPO is now ready to open for subscription. Moreover, it has accumulated Rs 4196 crores already from anchor investors. It is the first-ever Indian food-tech startup to be listed on NSE and BSE. Moreover, it is the best online food delivery platform currently in India which makes it a hot stock. Additionally, it is the 3rd biggest IPO of India behind SBI Card and Coal India. Its issue size is Rs 9375 crores out of which Rs 9000 crores of shares are from fresh issue and Rs 375 crore of shares are from offer-for-sale. Now, let's check its GMP today, Share Price, Dates, and more.
The Grey Market Premium of Zomato IPO or GMP Today is as shown in the table below. It was expected to start at an unimaginable high, but investors may have backed out as we see a very low GMP. You can Pre Apply Zomato IPO in the grey market.
Date & Time |
GMP / Grey Market Premium |
Application Rates |
Subject-to Rates |
9th July 2021 | 3 pm |
Rs 13.5-14 |
Rs 500 |
Rs 1600 |
12th July 2021 | 9 am | Rs 12 | Rs 500 | Rs 1800 |
14th July 2021 | 10:11 am | Rs 13-17 | NA | NA |
The share price of Zomato IPO is fixed at Rs 72 to Rs 76 per equity share. Its face value is Rs 1 per equity share. Therefore, its share price is amazingly low as compared to other IPOs of 2021.
Check out all the important dates related to the Zomato IPO of July 2021.
Opening |
14th |
Closing |
16th |
Allotment Notification |
22nd |
Refunds |
23rd |
Shares Allotment |
26th |
Listing |
27th (tentative) |
The lot size of Zomato IPO is 195 shares which makes a minimum investment of Rs 14,820. You can apply for upto 13 lots in multiples of 195. Therefore, you can subscribe for a maximum of 2535 shares at a price of Rs 1,92,660.
Zomato is an online food delivery service provider. It was started in 2010 and now is the leading online restaurants aggregator in India. It makes money via food delivery, Hyperpure (supplying food ingredients and kitchen essentials to restaurants), and Zomato Pro (loyalty membership). It operates in 23 countries including India. It has around 1.3 lakh restaurant tie-ups and 1.6 lakh delivery partners.
In FY19, Zomato had Rs 3413 crores in assets value while it rocketed to Rs 8703 crore in FY 20-21. However, its revenue dropped by around Rs 6k crores and profit to around Rs 150 crores in FY 20-21. The Zomato Balance Sheet 2021 is strong considering close down for dine-in at restaurants across the country.
Stay tuned for live Zomato IPO Subscription Status as it opens on 14th July 2021.
The Zomato IPO Listing Price might be somewhere around Rs 100 when it lists on NSE and BSE on 27th July 2021. Lets hope for the best.
It is hard to understand why the Zomato IPO which was in huge demand when announced is now trading at very low margins in the grey market. Trading pundits believe that if anchor investors back this issue then it will probably succeed. Moreover, it does not have any peers listed in the stock market which makes it a strong stock for listing gains. Just like DMart, Zomato might play a vital role in long-term profits.
It will be interesting to see how the Zomato IPO fares in the stock market arena as it might decide the fate of upcoming tech startup IPOs such as Paytm, Delhivery, and more.