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: 01 Aug, 2021, 17:42 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.

47 Comments  |  
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Deal Baba Deal Baba

Why GMP so low , it should be like 100% ??

Deal Cadet Deal Cadet
homedimer wrote:

Why GMP so low , it should be like 100% ??

Read Zomato’s DRHP, for instance it’s Weighted average Return on Net worth is -70.64%, Weighted average EPS is -3.40 etc…

P.S. – It’s Overpriced.

Pro Analyst Pro Analyst

Zomato esi dish jisme sab ingredients high quantity mai hai..but still sab taste test chahte hai
@bikidas2060

Deal Subedar Deal Subedar

Normally face values are at 10, So, the effective price range is 720-760. Not cheap, but very expensive for a loss making company. BRLMs made it to look like cheap because common public do not care about face value of a share.

Markets are highly overextended. US Fed raised interest rates recently. Petrol prices crossing 100 means stage is set for RBI to raise interest rates. Once that happens, markets may crash and a loss making company like this will sink to the bottom.

I may be wrong and this can probably touch 100 or beyond that after listing. But those who are borrowing to buy the IPO hoping to quickly offload it at 100, remember the Reliance Power IPO.

I believe in the company and the business model has great long-term potential. May enter in future when the cash burning cycle is over and the business starts to generate profits.

For me, Zomato valuation and current market conditions makes the IPO a tad expensive and risky.

Deal Lieutenant Deal Lieutenant

Cant find any reason to buy this loss making company no development from starting to here and its the first delivery company coming into market they are just here to burn the cash thats it

Deal Baba Deal Baba
bftb wrote:

Normally face values are at 10, So, the effective price range is 720-760. Not cheap, but very expensive for a loss making company. The BRLMs made it to look like cheap because common public do not care about face value of share.

Markets are highly overextended. US Fed raised interest rates recently. Petrol prices crossing 100 means stage is set for RBI to raise interest rates. Once that happens markets may crash and a loss making company like this will sink to the bottom.

I may be wrong and this can probably touch 100 or beyond that after listing. But those who are borrowing to buy the IPO hoping to quickly offload it at 100, remember the Reliance Power IPO.

I believe in the company and the business model has great long-term potential. May enter in future when the cash burning cycle is over and the business starts to generate profits.

Zomato valuation and current market conditions makes the IPO a tad expensive and risky to me.

as per mine opinion its overpriced but not that much overpriced ..

btw, thanks admin for creating this thread and keep adding daily GMP smile very much useful information

Deal Subedar Deal Subedar
Expand
homedimer wrote:

as per mine opinion its overpriced but not that much overpriced ..

btw, thanks admin for creating this thread and keep adding daily GMP smile very much useful information

Sure, no problem.

Markets work because of difference of opinion.

All the best.

Deal Subedar Deal Subedar
However, its revenue dropped by around Rs 6k crores and profit to around Rs 150 crores in FY 20-21.

yeh profit making company kab se hogayi?

Deal Cadet Deal Cadet
kukdookoo wrote:
However, its revenue dropped by around Rs 6k crores and profit to around Rs 150 crores in FY 20-21.

yeh profit making company kab se hogayi?

Generally Every company which are going to launch an IPO window-dress their financials of last 2-3 years..

Deal Cadet Deal Cadet
bftb wrote:

Normally face values are at 10, So, the effective price range is 720-760. Not cheap, but very expensive for a loss making company. BRLMs made it to look like cheap because common public do not care about face value of a share.

Markets are highly overextended. US Fed raised interest rates recently. Petrol prices crossing 100 means stage is set for RBI to raise interest rates. Once that happens, markets may crash and a loss making company like this will sink to the bottom.

I may be wrong and this can probably touch 100 or beyond that after listing. But those who are borrowing to buy the IPO hoping to quickly offload it at 100, remember the Reliance Power IPO.

I believe in the company and the business model has great long-term potential. May enter in future when the cash burning cycle is over and the business starts to generate profits.

For me, Zomato valuation and current market conditions makes the IPO a tad expensive and risky.

You said the points I was about to type precisely … Perfect 👏

Deal Newbie Deal Newbie

I think Burger King IPO Jaisa List Hoga … Direct 100% Up

Deal Subedar Deal Subedar

GMP falling day by day….. Today GMP is ₹6.5

I’m not applying this IPO.

Deal Lieutenant Deal Lieutenant
rohit_agarwal wrote:

GMP falling day by day….. Today GMP is ₹6.5

I’m not applying this IPO.

Exactly

Deal Cadet Deal Cadet

The moment Zomato cuts discounts, there will be a huge fall in its utility. Most people use it for discounts and a very few for convenience. So, I doubt Zomato will be profitable in the foreseeable future. It will continue to burn VC+IPO money. Investors have many better options in the secondary market to make money than Zomato ipo.

Deal Newbie Deal Newbie
ashok_rambhia wrote:

The moment Zomato cuts discounts, there will be a huge fall in its utility. Most people use it for discounts and a very few for convenience. So, I doubt Zomato will be profitable in the foreseeable future. It will continue to burn VC+IPO money. Investors have many better options in the secondary market to make money than Zomato ipo.

Cut discounts 😂 bro right now prices even after discount are way higher than ordering directly from restaurant. It’s moving towards convience rather than discounts.
PS- I live in a tier-2 city even here i find the prices more than that of restaurants.

Deal Newbie Deal Newbie

Anyone here bought Reliance Power and still holding?

I am holding 4K shares at average of 16.5… not sure I will be able to recover the loss or not unamused

Deal Lieutenant Deal Lieutenant
gandhitejasvi1507 wrote:

Anyone here bought Reliance Power and still holding?

I am holding 4K shares at average of 16.5… not sure I will be able to recover the loss or not unamused

Reliance 😳🤷‍♂️ tell me what made u to buy this??

Deal Subedar Deal Subedar
gandhitejasvi1507 wrote:

Anyone here bought Reliance Power and still holding?

I am holding 4K shares at average of 16.5… not sure I will be able to recover the loss or not unamused

Do not feel sad, not all our calls turn out to be right. I personally feel, at this price you have nothing more to lose; so might continue holding them. Next time use stop losses.

Those who bought were a bit unlucky as the most-awaited IPO was right at the top of market, just before the crash.

I just can’t ignore the similarity with Zomato, bumper IPO of this season.

Deal Subedar Deal Subedar
ashok_rambhia wrote:

The moment Zomato cuts discounts, there will be a huge fall in its utility. Most people use it for discounts and a very few for convenience. So, I doubt Zomato will be profitable in the foreseeable future. It will continue to burn VC+IPO money. Investors have many better options in the secondary market to make money than Zomato ipo.

The first sentence is the key. Isn’t it applicable for upcoming fintech IPOs like Mobikwik/Paytm etc?

Don’t remember when I last used Paytm after they stopped giving reasonable cashback. No one uses Niki any more. Once cashback stops, everything stops.

Cashback is shared by Platform(Zomato)/Banks/Restaurants. VCs and Banks will continue pouring money into the potential winner of food delivery platforms. Zom-Swiggy has scaled nationally and are two potential winners of this race.

Jio priced out small players of telecom sector. Now, Jio-Airtel can raise prices as they please. Airtel recently scrapped minimum 49 recharge in some circles.

Similarly, Zomato has to burn money till small competitors are forced to shut shop or merge with them (Uber Eats). Then Swiggy and them will surge us just like OLA-Uber do. Customers and restaurants will hate them, but will have no option but to use them; till someone disrupts the industry in future.

In capitalism, two winners take all

Deal Lieutenant Deal Lieutenant

Very useful information! I was in sweet dreams until I read this post, specifically @bftb flushed

Deal Lieutenant Deal Lieutenant

LIC IPO is also similarly hyped. Let’s see how it is priced.

Deal Newbie Deal Newbie
Expand
bftb wrote:

Do not feel sad, not all our calls turn out to be right. I personally feel, at this price you have nothing more to lose; so might continue holding them. Next time use stop losses.

Those who bought were a bit unlucky as the most-awaited IPO was right at the top of market, just before the crash.

I just can’t ignore the similarity with Zomato, bumper IPO of this season.

@bftb Yea I am trying to recover loss by buying some more in dips. Once I am out of this then I am planning to invest in ETFs. As I don’t have much knowledge and can’t look at market daily. What you recommend? Is there anything better than ETF which can offer consistent return and safe??

Deal Newbie Deal Newbie
Expand
MONISHSRAI wrote:

Reliance 😳🤷‍♂️ tell me what made u to buy this??

Booked some profit earlier 15-20 days ago and then thought of again trying but got stuck.. sweat_smile I have recently started investing so didn’t had much experience. Planning to invest in ETFs once I recover the loss from RP

Deal Lieutenant Deal Lieutenant
Expand
gandhitejasvi1507 wrote:

Booked some profit earlier 15-20 days ago and then thought of again trying but got stuck.. sweat_smile I have recently started investing so didn’t had much experience. Planning to invest in ETFs once I recover the loss from RP

New means how many months or years?

Deal Subedar Deal Subedar
Dime1234567890 wrote:

I think Burger King IPO Jaisa List Hoga … Direct 100% Up

This is what I exactly thought!

Deal Newbie Deal Newbie
Expand
MONISHSRAI wrote:

New means how many months or years?

No one knows about this. It can be days or weeks also. Just having a hope but learnt a lesson from this.. sunglasses

Deal Cadet Deal Cadet

How do i get start to learn everything about this stock market, share thing ? Like from Abcd to how to actual earn,cautions etc. ?
All these terms are alien to me.

replyuser