Zomato IPO subscription status Day 2: Retail portion subscribed 2.34 times at 1.50 pm; Check key details

Zomato IPO has seen huge success on Day 1 with retail portion being oversubscribed on the first day itself. As per the National Stock Exchange data at 1.50 pm, the much-awaited Initial Public Offering of the season saw over 2.34 times subscription by retail investors on the second day. As against number of shares reserved for retail investors of 12,95,58,333, a total of 30,26,51,700 bid has been made. 

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Overall, the IPO has been subscribed 0.76 times with bids for 54,60,14,040 shares as against total quota of 71,92,33,522 share for offer.  
In the Qualified Institutional Buyers (QIBs) case, as against 38,88,37,690 shares, bids were made for 22,35,31,425 shares that translate to 0.57 per cent.  

Earlier, Food aggregator Zomato Limited IPO opened for public subscription on Wednesday, July 14, 2021, and will close on July 16, 2021. The IPO comprise fresh issue aggregating up to Rs 9000 crore and an Offer for Sale (OFS) by Info Edge (India) Limited worth Rs 375 cr.   

Zomato IPO price range is Rs 72 to Rs 76 and lot size is of 195 shares. A retail investor can apply for minimum of one lot and maximum up to 13 lots (2535 shares or ₹192,660). 

Zomato IPO Key Dates as per Draft Red Herring Prospectus (DRHP):  
Zomato IPO Opening Date: July 14, 2021 
Zomato IPO Closing Date: July 16, 2021
Share allotment date: July 22, 2021
Initiation of Refunds: July 23, 2021
Credit of Shares to Demat Account: July 26, 2021
IPO Listing Date:  July 27, 2021. 
 
Other Key Details  
Post issue Modification Period - 19 July 2021 between 10 am and 11 am  
- Cut-off time for UPI Mandate Confirmation - 19 July 2021 up to 12 pm  
- Issue Type - 100 per cent Book Building  
- Face Value - Re 1  
- Tick Size - Re 1  
- Maximum Subscription Amount for Retail Investor - Rs 200,000  
- Maximum Subscription Amount for Eligible Employee - Rs 500,000  
- IPO Market Timings - 10 am to 5 pm  
- Categories - FI, IC, MF, FII, OTH, CO, IND, NOH and EMP  
- Name of the Registrar - Link Intime India Private Limited