Home Tech Zomato IPO Share Allotment: When and How to Check Status, Refund

Zomato IPO Share Allotment: When and How to Check Status, Refund

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Zomato to open IPO on July 14, plans to raise Rs 9,375 crore

Zomato IPO Share Allotment: Amid several reports, shares of food-aggregator Zomato are set to be listed on the BSE on Friday, the stock exchange confirmed in a notification to members. The debut listing has been advanced by four days and marks a historic moment for India’s spirit of startups. Zomato is expected to make a strong debut on BSE and NSE. In grey market, Zomato shares are quoting at a premium of around ₹27, suggesting possibility of listing gains.

Food delivery giant Zomato has finalised the initial public offering (IPO) share allotment on Thursday. The tech unicorn is all set to list on the exchanges (BSE and NSE) tomorrow (July 23), ahead of its scheduled July 27 listing, Economic Times reported on Thursday. Earlier than scheduled listing indicates that those who didn’t get the allotment might have been refunded and the shares were credited to eligible investors’ demat account. Investors can check their application status through BSE Website. Investors have to select the equity category. In the next field, the issue name will be Zomato Limited. Enter the application number, followed by PAN number and click on the search button to know application status.

Taking the BSE Route

Step 1: Go to the official BSE website. Via the URL: (https://www.bseindia.com/investors/appli_check.aspx).

Step 2: It will take you to a page called ‘Status of Issue Application’. There you need to select the ‘Equity’ option.

Step 3: Select ‘Zomato Limited’ from the drop-down menu that is besides the issue name.

Step 4: Input your application number and the Permanent Account Number (PAN). Then you just click the ‘I am not a robot’ to verify yourself and click ‘Search’. This will show you the status of the application.

Using the Registrar’s Website (Link Intime India)

Step 1: Go to the Link Intime India website using the URL: (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 the PAN number, your application number, DP Client ID or IFSC code/Account Number. Then you simply submit and view the status of the share allotment.

Grey Market Premium

On Wednesday, the Grey Market Premium for Zomato had gone up to Rs 21. This indicates that the shares were trading at Rs 93 to 97 a piece on the grey market according to reports. This is well over 20 per cent of the market price band set for the IPO, which points to a strong interest in the public issue.