Zomato IPO GMP, Grey Market Premium & Kostak Rates Today
Company details
Zomato Limited is one of the leading online Food Service platforms in terms of the value of food sold as of Dec 31, 2020. Its B2C offerings include food delivery and dining-out services where customers can search and discover restaurants, order food delivery, book a table, and make payments for dining out at restaurants while under the B2B segment, it generates revenue from Hyper pure (supply of high-quality ingredients and kitchen products to restaurants) and Zomato Pro, customer loyalty program.
Zomato Ltd. will launch its three-day initial public offering (IPO) on July 14, making the online food aggregator one of the first Indian startup unicorns to list on the Stock market. The company is looking to raise as much as Rs 9,375 crore by issuing fresh stock and via an offer for sale at Rs 72-76 per share. It is likely to be valued at nearly $9 billion at the upper end of this price band.
The net proceeds will be used for organic and inorganic growth initiatives and general corporate purposes. While 75% of the Zomato IPO will be reserved for qualified institutional buyers, non-institutional investors can bid for up to 15% shares on offer. Retail investors have 10% of the stock allotted to them. Employees have access to up to 6.5 million shares.
Company Financial details
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Zomato IPO DETAILS
| IPO Open: | 14 July 2021 |
| IPO Close: | 16 July 2021 |
| IPO Size: | Approx ₹9375 Crores |
| Fresh Issue: | Approx ₹9000 Crores |
| Offer for Sale: | Approx ₹375 Crores |
| Face Value: | ₹1 Per Equity Share |
| Price Band: | ₹72 to ₹76 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 10% |
| Equity: | - Shares |
| Minimum Lot Size: | Minimum 195 Shares |
| Minimum Amount: | ₹14,820 |
| Maximum Lot Size: | Maximum 2535 Shares |
| Maximum Amount: | ₹192,660 |
Zomato IPO Allotment & Listing
| Basis of Allotment: | 22 July 2021 |
| Refunds: | 23 July 2021 |
| Credit to Demat Account: | 26 July 2021 |
| Listing Date: | 27 July 2021 |
What is Zomato IPO GMP Today?
The Zomato IPO GMP aka grey market premium is ₹16.
What is Zomato IPO Kostak Rates Today?
The Zomato IPO kostak rate is ₹600.
What is Zomato IPO Subject to Sauda Price Today?
The Zomato IPO subject to sauda rates is ₹2500.
Zomato IPO Expected Returns?
The Zomato expected return is 25%.
DATEWISE DETAILS:-
| Date | GMP | Kostak | Subject to |
| 09 July | ₹16 | ₹600 | ₹2500 |
| 08 July | ₹16 | ₹600 | ₹2500 |
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