MainboardListed

Zomato IPO - Listing Date, GMP & Subscription

Zomato Ltd IPO listing date: Jul 23, 2021 on NSE, BSE. Listed at ₹116 (+52.6%) vs issue price of ₹76. Subscribed 38.25x overall (QIB: 51.79x). Price band: ₹72-₹76, lot size 195 shares.

sHQ

stoicHQ Research Team · Ex-quants, IIT Delhi · Updated Jul 22, 2021

Key Dates

IPO Open DateJul 14, 2021

IPO Close DateJul 16, 2021

Allotment DateJul 20, 2021

Refund DateJul 22, 2021

Demat Credit DateJul 22, 2021

Listing DateJul 23, 2021

Issue Details

Price Band₹72-₹76

Issue Price₹76

Face Value₹1

Lot Size195 shares

Min Investment₹14,820

Issue Size₹9,375 crore

Listing ExchangeNSE, BSE

RegistrarLink Intime India

IPO TypeMainboard

stoicHQ Analysis

✓India's largest food delivery platform

✓51x QIB subscription

✓Achieved profitability by FY24

⚠Unprofitable at listing

⚠Low retail subscription (7.45x)

⚠Significant 2022 correction

About Zomato Ltd

Zomato is India's largest food delivery and restaurant discovery platform, operating in 800+ cities. The IPO marked the beginning of new-age internet company listings in India.

Subscription Breakdown

Overall Subscription38.25x

QIB (Institutional)51.79x

NII (HNI)32.96x

Retail7.45x

Listing Price

₹116

Listing Gain

+52.6%

Issue Price

₹76

stoicHQ Analysis

India's first major internet IPO, listing at 52.6% gain. Set the template for Nykaa, Paytm, and PolicyBazaar. Retail subscription was muted (7.45x) vs QIB (51x). Zomato reached profitability in FY24 - rewarding long-term holders who held through the 2022 correction.

Technology / Food Delivery2021All 2021 IPOs

IPO Listing Timeline

Previous IPO← Nazara Technologies IPO (listed Mar 30, 2021)Next IPODevyani International IPO (listed Aug 16, 2021) →

More IPOs from 2021

Nykaa IPO+78.0%Paytm IPO-27.3%PolicyBazaar IPO+18.2%

Zomato IPO GMP - Historical Grey Market Premium

GMP is an unofficial market price. For educational purposes only.

DateGMP (₹)KostakImplied Gain

Jul 22, 2021+₹40-+52.6%

Jul 19, 2021+₹38₹680+50.0%

Jul 16, 2021+₹34₹620+44.7%

Jul 14, 2021+₹30₹550+39.5%

Jul 11, 2021+₹24₹450+31.6%

Jul 8, 2021+₹18₹350+23.7%

Zomato IPO Subscription Status - Day Wise

DayOverallQIBNII (HNI)Retail

Day 1 (Jul 14)2.36x0.00x0.83x3.33x

Day 2 (Jul 15)11.77x11.06x9.41x4.92x

Day 3 (Jul 16)38.25x51.79x32.96x7.45x

Anchor Investors

Government Pension Fund Global₹500 crore

Fidelity Funds₹420 crore

Tiger Global Management₹380 crore

SBI Mutual Fund₹320 crore

HDFC Mutual Fund₹280 crore

Zomato Ltd - Financials at IPO

YearRevenuePATNet Margin

FY19₹1,098 crore-₹24 crore-2.2%

FY20₹1,777 crore-₹17 crore-0.9%

FY21₹2,453 crore₹62 crore+2.5%

Listed Peers - Technology / Food Delivery

Nykaa (listed)Beauty E-Commerce

+78.0% listing

Beautycounter (US)Beauty DTC

Mamaearth (Honasa Consumer)D2C Beauty

-30.0% listing

Frequently Asked Questions

What is the Zomato IPO listing date?

Zomato IPO listed on July 23, 2021 on NSE and BSE at ₹116 per share, a 52.6% gain over the issue price of ₹76.

What was the Zomato IPO GMP?

The grey market premium (GMP) for Zomato IPO peaked at ₹40 before listing, correctly forecasting the 52.6% listing gain. GMP started at ₹18 when the IPO opened on July 14, 2021.

What was Zomato IPO subscription status?

Zomato IPO was subscribed 38.25x overall. QIB subscription was 51.79x, NII (HNI) was 32.96x, and retail was 7.45x. Day 1 was 2.36x, Day 2 was 11.77x, Day 3 was 38.25x.

What was Zomato IPO price band and lot size?

The Zomato IPO price band was ₹72-₹76 per share. Lot size was 195 shares. Minimum investment was ₹14,820 at the upper price band. Issue size was ₹9,375 crore.

What is the Zomato IPO allotment date?

The allotment date for Zomato IPO was July 20, 2021. Refunds were processed on July 22, 2021 and demat credit was on July 22, 2021.

Who was the registrar for Zomato IPO?

Link Intime India was the registrar for Zomato IPO. Allotment status can be checked at linkintime.co.in by entering your PAN or application number.

Did Zomato IPO investors make money?

Investors who sold on listing day made 52.6% gains. Long-term investors who held through the 2022 correction (stock fell below ₹40) were rewarded when Zomato reached profitability in FY2024 and recovered above ₹200.