Zomato, one of India’s most popular food delivery applications, will complete its initial public offering (IPO) on Thursday. The long-awaited Rs 9,375 Zomato has opened for subscription from July 14th to 16th. This issue has witnessed the highest subscription of any IPO that has raised more than Rs 5,000 each in the last 13 years. The Zomato IPO has received a great deal of feedback from investors, with over 38 total subscriptions. The portion reserved for Qualified Institutional Investors (QIB) has been subscribed 54.71 times. Non-institutional quotas were subscribed 34.80 times and retail quotas were subscribed 7.87 times.
According to media reports, the food delivery and restaurant discovery platform is expected to accelerate its listing date from July 27th to July 23rd.
Zomato was the first unicorn startup to be listed on the stock exchange and set the tone for other companies such as Paytm, MobiKwik and Nykaa to follow.
There are two ways for an investor to confirm a share allocation before the actual listing. One is via the BSE website and the other is via the IPO registrar website.
How to check Zomato IPO allocation status via BSE
Step 1: Go to the official BSE website. Via URL: (https://www.bseindia.com/investors/appli_check.aspx).
Step 2: Go to the page called “Publishing Application Status”. So you need to select the Equity option.
Step 3: From the drop-down menu next to the question name[ZomatoLimited]Choose.
Step 4: Enter your application number and taxpayer number (PAN). Then click “I’m not a robot” to see myself and click “Search”. This will show the status of the application.
How to check Zomato IPO allocation status via the registrar’s website (Link Intime India)
Step 1: Use the following URL to access the Link Intime India website: (https://www.linkintime.co.in/IPO/public-issues.html)
Step 2: Select the Zomato Limited-IPO option from the drop-down list under Company.
Step 3: You can enter one of four different credentials to authenticate yourself.
These credentials are your PAN number, application number, DP client ID, or IFSC code / account number. Then all you have to do is submit and view the status of your share assignment.
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Zomato IPO’s share allotment is likely today.Listing date details: How to check status
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