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.

by FighterMan Updated: 11 Apr, 2022, 04:20 IST
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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.

Zomato IPO GMP (Grey Market Premium) Today : Pre Apply Zomato IPO

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


Zomato IPO Share Price

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.

Zomato IPO Dates

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)

Zomato IPO Lot Size

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 Company Profile

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.

Zomato Balance Sheet 2021

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.

Zomato IPO Subscription Status

Stay tuned for live Zomato IPO Subscription Status as it opens on 14th July 2021.

Zomato IPO Listing Price & Date

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. 

Should You Buy Zomato IPO?

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.

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