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Jade Lily wanted to show off her <a target="_blank" href="https://www.businessinsider.com/whole-foods-ceo-says-fate-of-food-business-gen-zers-2024-9">grocery haul</a>. In a recent <a target="_blank" href="https://www.tiktok.com/@jadeswildparty/video/7278376808557366570">video</a>, the 26-year-old TikToker held up item after item: celebrity-endorsed supplements, packaged berries, coconut yogurt, bone broth, kombucha, and premade food from the hot bar. Last but not least, a "little bevvy," she said, displaying her grape-flavored Olipop. "I am an Olipop girly till I die," she said.The groceries came from the upscale Los Angeles grocery chain Erewhon, known for its $19 smoothies created with the likes of Kourtney Kardashian and Katy Perry. Lily told her followers that the food cost $500. "These are all the things that I cannot live without," she said in the video.Increasingly, young people are hankering for pricey foods. In a McKinsey survey in February, <a target="_blank" href="https://www.businessinsider.com/millennials-gen-z-splurge-groceries-spending-inflation-gen-z-boomers-2024-4">groceries represented the top category</a> that Gen Z and millennial respondents said they planned to splurge on, outpacing restaurants, travel, and fitness; in 2017, Gen Xers <a target="_blank" href="https://www.businessinsider.com/average-grocery-spending-by-generation-in-the-united-states-2018-9">were the top spenders on groceries</a>, followed by boomers. Some 20-year-olds are <a target="_blank" href="https://www.thecut.com/2023/04/erewhon-addicts.html">taking on second and third jobs</a> to afford daily Erewhon trips. In June, <a target="_blank" href="https://institute.bankofamerica.com/content/dam/economic-insights/consumer-morsel-groceries-value-shop.pdf">Bank of America</a> reported that its Gen Z customers spent more at premium grocery stores than any other generation.Considering that regular grocery costs have been rising over the past few years, the trend is confounding. <a target="_blank" href="https://www.creditkarma.com/about/commentary/more-than-a-quarter-of-americans-are-skipping-meals-due-to-the-rise-in-grocery-costs">CreditKarma said</a> that in a survey it conducted in May, more than a quarter of respondents who said they had noticed that food prices were rising also said they had skipped meals to save money. Some Gen Zers, however, are leaning into the rising costs by prioritizing health foods and expensive snacks. Gone are the days of coveting the latest iPhone or designer handbag. Pricey snacks and fun drinks are the "It" items for many young consumers. Buying a $53 box of croissant-shaped cereal or a $45 tin of potato chips might seem outrageous, but they're still more affordable than a $2,000 bag.In other words, inflation is no match for Gen Z's love of little treats.After documentaries like "Super Size Me" and "Food, Inc." premiered in the 2000s, dietary concern spread like wildfire. Millennials kicked off a health-food craze with fads like avocado toast and grain bowls.The trend picked up steam with Gen Z. Millennials and Gen Zers are driving demand for vegetarian and vegan food. In a recent <a target="_blank" href="https://www.businessinsider.com/whole-foods-ceo-says-fate-of-food-business-gen-zers-2024-9">YouGov survey for Whole Foods</a>, 70% of Gen Z respondents indicated they were willing to pay more for high-quality foods. Since plant-based and organic options are often more expensive, it's not surprising that Gen Z's grocery bill would be adding up.Neeru Paharia, a professor of marketing at Arizona State University, said that when it comes to expensive groceries, "you can always find some health-related functional reason to spend the money on it." The generation's love of health-conscious foods is also a display of economic power. Since <a target="_blank" href="https://www.businessinsider.com/renting-vs-buying-homeownership-wont-make-genz-rich-increase-wealth-2024-7">buying a home is increasingly out of reach</a> and <a target="_blank" href="https://www.businessinsider.com/gen-z-changing-american-car-culture-2023-5">fewer young people have a driver's license</a> (<a target="_blank" href="https://www.businessinsider.com/genz-interest-tesla-brand-decreases-survey-should-worry-elon-musk-2024-8">let alone a fancy car to show off</a>), Gen Z is turning to a more affordable status symbol: their grocery cart. Andrea Hernández, the author of the newsletter Snaxshot, calls this the new lipstick effect — an economic theory that says consumers spend money on more-affordable luxuries, like lipstick, during economic downturns. "It's a form of affordable affluence," she said. "We're now getting into this phenomenon of food not as a basic need but as a luxury experience."To be sure, Gen Z isn't the first generation to serve up food as a status symbol. A <a target="_blank" href="https://www.nytimes.com/1986/04/02/garden/pure-food-the-status-symbol-of-the-decade-who-buys-it-the-affluent-and-the-aware.html">New York Times article</a> from 1986 titled "Pure Food: The Status Symbol of the Decade" quoted the food consultant and cookbook author Barbara Kafka as saying, "The food you purchase is a reflection of your position in society.'' She added: "It's a way to upgrade the image of yourself. It's a class thing and has a lot to do with upward social mobility.'' Gen Z is taking this to the next level.<a target="_blank" class="" href="https://www.businessinsider.com/photos-erewhon-grocery-store-shopping-expensive-health-foods-los-angeles-2022-12">Erewhon</a> is ground zero for this phenomenon. The <a target="_blank" href="https://www.businessinsider.com/erewhon-sells-40-000-hailey-biebers-strawberry-skin-glaze-smoothies-a-month-2023-12">store sells thousands of $19 smoothies</a> a month. The pastel-colored drinks feature an alphabet soup of ingredients: chlorella, spirulina, hemp, lucuma, maca, mesquite, xylitol, tocos. More importantly, they're ripe for social media: Videos reviewing the most popular options rack up hundreds of thousands of views. "Everything is content," Hernández said. "Everything has to signal something."Lily has <a target="_blank" class="" href="https://www.businessinsider.com/erewhon-visit-store-tour-photos-2024-2">shopped at Erewhon</a> for the past six years because of its supply of quality foods — she prefers organic, gluten-free, and whole foods to help manage an autoimmune disease. "Nowadays it's very trendy and maybe a little cringe to be so Goop/Erewhon coded, but at the end of the day I've always been this way," she told me. "Health is wealth, and food provides so much joy in every aspect, so maybe it says I'm a little bit of a hippie and dare I say a snob."To capitalize on the hype, Erewhon has partnered with celebrities like Hailey Bieber, Bella Hadid, and Sofia Richie to design smoothies. By buying a celebrity-sanctioned smoothie packed with collagen and sea moss, people can signal they have money to spend on being as healthy as these icons. "I like to call it gentrified groceries," Hernández said.The formula is working: Erewhon pulled in an estimated $171 million in profit last year, and <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-23/why-erewhon-s-more-profitable-brand-than-many-chain-grocery-stores">has said</a> it averages four times the annual revenue per square foot of other groceries.As young people seek out products that signal something about themselves, brands are increasingly playing into the trend. Nate Rosen, the author of the newsletter Express Checkout, pointed to the explosion of celebrity- and influencer-affiliated brands designed to signify clout. In the early 2000s, Mary Kate and Ashley Olsen championed McDonald's, and Beyoncé and Britney Spears backed Pepsi. Now Nina Dobrev and Shawn Mendes are backing SmartSweets, and Hailey Bieber is backing the chocolate brand Hu Kitchen. Niche, health-conscious brands that cater to Gen Z's various tastes are popping up everywhere. As the appetite for healthy food grows, more brands are positioning themselves as healthy options — regardless of whether they actually are.The beverage world is a great example. Prebiotic sodas, <a target="_blank" href="https://www.axios.com/2024/04/24/coke-pepsi-sodas-olipop-poppi-zevia-dr-pepper-sprite-cola-diet">Gen Z's favorite drink</a>, are giving the old-school soda giants Coca-Cola and Pepsi a run for their money. Brands like Poppi and Olipop leverage stars like Camila Cabello, promote prebiotic benefits and lower sugar content, and package their drinks in soft pastels with bubbly fonts. Everything's carefully designed to capture the eye of Gen Zers who want something healthy-looking to show off. The fact that <a target="_blank" href="https://www.businessinsider.com/poppi-soda-gut-health-claims-mislead-consumers-new-lawsuit-alleges-2024-6">Poppi is facing a class-action consumer-fraud lawsuit</a> alleging that it misrepresents the beverage's gut-health benefits is beside the point for many fans. In one <a target="_blank" href="https://www.tiktok.com/@jadeswildparty/video/7377458223877524778?lang=en">TikTok</a>, Lily drank her Poppi behind text that read, "I'm just a girl (idc about a class action lawsuit, I will still drink my Doc Pop Poppi no matter what)." In June, Poppi <a target="_blank" href="https://apnews.com/article/poppi-prebiotic-lawsuit-gut-health-30331ef5875e5b82caadef5090ba1195">told the Associated Press</a>, "We believe the lawsuit is baseless, and we will vigorously defend against these allegations." The success of <a target="_blank" class="" href="https://www.businessinsider.com/viral-canned-water-liquid-death-raised-9-million-in-series-a-funding-2020-2">Liquid Death</a> is another example of young people's willingness to drop money on a product to say something about themselves. The Los Angeles-based brand, which is essentially water in a can, was last valued at $1.4 billion, double its $700 million valuation in 2022. It's also considering an IPO. These drinks, Rosen said, are not just forms of sustenance but ways to express identity and values. A Liquid Death drinker might be a young festivalgoer or a 30-something who recently became sober but wants to maintain their edge. A Poppi girl, on the other hand, likes to have fun but also cares about her health. She orders a Caesar salad — with a side of fries.Much of this signaling takes place on TikTok, which spoon-feeds consumers the latest trends. For instance, cottage cheese is having a moment thanks to people's <a target="_blank" href="https://www.businessinsider.com/eating-more-protein-help-women-healthy-aging-positive-impact-2024-1">insatiable appetite for protein</a>. There are more than 100 million TikToks about the lumpy cheese, and brands have piggybacked on its popularity. Good Culture, a cottage-cheese brand, was already targeting younger people with its sustainability-focused branding when its product took off. Good Culture <a target="_blank" href="https://www.fastcompany.com/91170257/inside-the-brand-that-made-cottage-cheese-cool-again">told Fast Company</a> that it projected last year that its volume would grow by 35% but it ended up growing by 80%.With more labels to appeal to — keto, carnivore, gluten-free, plant-based — there are more markets for brands to corner. That's partly why the number of options in a grocery store has skyrocketed. In the 1990s, grocery stores would carry roughly 7,000 items; now it's closer to 50,000."When I was younger, there were some brands like Five Gum, Trident Layers, Lunchables — these were brands that showed some sort of status," Rosen, who is 28, said. "People will always use products as signalers. That's not going away. They'll just be different products."Today, there are vastly more options for people to use to signal their priorities. There are also more ways to share those choices. Before social media, showing off food preferences was relegated to the dinner party. These days, fridges, pantries, and grocery hauls are prime social-media fodder."All these things that used to be private are now public," Paharia said. People can carefully curate all types of consumer choices for an engaged audience. Are you a cold-pressed-juice, <a target="_blank" class="" href="https://www.businessinsider.com/kourtney-kardashian-is-launching-lemme-a-line-of-wellness-gummies-2022-9">Lemme-gummies</a> girl? Or a Fishwife-<a target="_blank" class="" href="https://www.businessinsider.com/tiktok-tinned-fish-trend-obsession-affordable-luxury-can-2023-10">tinned-seafood</a>, biodynamic-wine kind of person? I just have to check your Instagram story.<a target="_blank" rel="" href="https://www.businessinsider.com/author/eve-upton-clark">Eve Upton-Clark</a> is a features writer covering culture and society.

Gen Z's new status symbol: super-expensive snacks 

<ul><li>Sapphire Foods is likely to announce its share allotment status today.</li><li>Sapphire Foods India, the operator of KFC and Pizza Hut outlets, has raised over ₹2,000 crore through the public listing.</li><li>The IPO of the company was subscribed 6.62 times on the last day of bidding.</li></ul>Sapphire Foods India, the operator of KFC and Pizza Hut outlets, is likely to announce the allotment status of its initial public offering (IPO) today, November 16. The IPO was open for subscription from November 9 to November 11. The company is looking to raise over ₹2,000 crore through the IPO that consists of a pure offer for sale of 1.75 crore shares by existing shareholders and promoters. <keyword id="12385718" type="General" weightage="20" keywordseo="sapphire-foods-ipo" source="Orion">Sapphire Foods IPO</keyword> received subscriptions for 6.62 times the number of shares offered in the three days of IPO bidding process. The grey market premium of the company’s shares show a premium of ₹70 from the higher end of the price band. The portion reserved for retail investors was oversubscribed by 8.70 times on the last day of the IPO bidding process. The company is the largest franchisee of Yum! Brands in the Indian subcontinent. Besides, the company is backed by marquee investors such as Samara Capital, Goldman Sachs, CX Partners and Edelweiss Here is how to <keyword id="12539602" type="General" weightage="20" keywordseo="sapphire-foods-ipo-allotment" source="Orion">Sapphire Foods IPO allotment</keyword> status on stock exchange website: <ul><li>Go to the <a href="https://www.bseindia.com/investors/appli_check.aspx">BSE website</a> or NSE website<a href="https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp"> here</a>.</li><li>On BSE, Select 'Equity' and then from the dropdown, select ‘Sapphire Foods’.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li><li>Please note the details will only be available once the shares are allotted.</li></ul>You can also visit the registrar website (Link Intime India) to check your application status. <ul><li>Visit the registrar's website <a href="https://linkintime.co.in/MIPO/Ipoallotment.html">here</a>.</li><li>Click on 'Select company' and click on ‘Sapphire Foods’.</li><li>Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.</li><li>Enter the captcha and click ’submit’.</li></ul>Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/the-cost-of-selling-its-ipo-has-eroded-half-of-nykaas-profit/articleshow/87715261.cms">The cost of selling its IPO has eroded half of Nykaa's profit</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/here-are-the-five-ipos-that-doubled-investors-money-on-listing-in-2021/slidelist/87713646.cms">Sigachi broke Paras Defence’s record⁠—these are the five IPOs that doubled investors’ money on listing in 2021</a>

Sapphire Foods IPO: Here’s how you can check the allotment status

<ul><li><keyword id="3742694" type="General" weightage="20" keywordseo="sapphire-foods" source="Orion">Sapphire Foods</keyword> India IPO opens today and will close on November 11.</li><li>The IPO consists of a pure offer for sale of 1.75 crore shares by existing shareholders and promoters.</li><li>Analysts believe riding on strong brands, fine dine experience and focus on delivery strength the company is well positioned to capture the new age wave of change in eating habits</li><li>Moreover, shares of the company are demanding a premium of ₹125 in the grey market.</li></ul>Sapphire Foods India, the operator of KFC and Pizza Hut outlets, has opened its initial public offering (IPO) for investors to subscribe today, November 9. The company is the largest franchisee of Yum! Brands in the Indian subcontinent. Besides, the company is backed by marquee investors such as Samara Capital, Goldman Sachs, CX Partners and Edelweiss. As of June 2021, the company owned and operated 209 KFC restaurants in India and the Maldives, 239 Pizza Hut restaurants in India, Sri Lanka and the Maldives, and two Taco Bell restaurants in Sri Lanka. Here is what brokerages recommend for the IPO: <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> Brokerages </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rating </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Canara Bank Securities </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">KR Choksey </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Choice Broking </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe with caution </td></tr></tbody></table>Analysts believe the company is well positioned to capture the new age wave of change in eating habits. “Riding on strong brands, fine dine experience and focus on delivery strength the company is well positioned to capture the new age wave of change in eating habits. The quick service restaurant (QSR) segment is expected to witness a significant rebound in the coming years driven by the economic recovery of the country and improvement in the purchasing power of consumers,” said brokerage firm KR choksey while recommending a ‘subscribe’ rating to the IPO. IPO may attract more number of investors as the shares of the company are demanding a premium of ₹125 in the grey market, according to IPO Watch. Analysts at Canara Bank Securities has also recommended a subscribe rating to the IPO as it says, “The company has been optimising its stores by reducing its space as a part of its cost saving strategy. Although the bottom line of the company is negative, it is positive at the operating level with an operating margin of 12-14% in FY19-21 backed by a strong balance sheet.” Meanwhile, analysts at Choice Broking recommend to subscribe with caution as it is concerned about the company’s profitability as it has been incurring continuous losses. “While valuation seems reasonable compared to peers, we are concerned about business profitability due to higher likelihood of continuing incurring losses in the coming fiscals. Additionally, the company has a short operating history as it started franchise operations with YUM brands in 2015,” said the brokerage firm. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">January-March </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">April-June </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹313 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹108 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Profit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹26 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹99 crore </td></tr></tbody></table> Meanwhile, most of Sapphire Foods’ peers have performed well in the 2021 so far. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Peer company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Market cap </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">% returns in 2021 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Devyani International </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹17,797 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">20% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Jubilant Foodworks </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹50,905 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">38% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Westlife Development </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹9,196 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">32% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Burger King India </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹6,217 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-6% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sapphire Foods </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹7,498 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">- </td></tr></tbody></table> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/route-mobile-britannia-ril-and-other-top-stocks-to-watch-out-for-on-november-9/slidelist/87596612.cms">Route Mobile, Britannia, RIL and other top stocks to watch out for on November 9</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/how-to-get-refund-if-nykaa-ipo-not-allotted/articleshow/87594530.cms">Not received Nykaa IPO refund? Here are the things you should know about</a>

Sapphire Foods will capture the wave of change in eating habits, say analysts

<ul><li>The IPO was open for subscription from November 9 to November 11.</li><li>The company announced the allotment of IPOs yesterday, November 16.</li><li>Initiation of refund procedure or unblock of amount in a bank account will begin from today, November 17.</li></ul>If you had applied for the initial public offering (IPO) from <keyword id="3742694" type="General" weightage="20" keywordseo="sapphire-foods" source="Orion">Sapphire Foods</keyword> India, the operator of KFC and Pizza Hut outlets in India, Sri Lanka and Maldives, the allotment started on November 16. The refund will begin today. Shares of Sapphire Foods are available at a premium of ₹80 in the grey market indicating a positive listing for the stock. The company received huge demand from investors, who had oversubscribed the IPO by 6.62 times. Overall, the IPO has received bids for 6.39 crore equity shares against the IPO size of 96.63 lakh equity shares. If you have not checked whether you received the IPO allotment or not, <a href="https://www.businessinsider.in/stock-market/news/here-is-how-to-check-paras-defence-and-space-technologies-ipo-allotment/articleshow/86559437.cms">click here </a>and follow the procedure. For those who checked and have not been allotted the shares of the mutual fund company — the initiation of refund procedure will begin from today, November 17. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Initiation of refunds </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">November 17 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Credit of shares to demat account </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">November 18 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO listing date </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">November 22 </td></tr></tbody></table> Once the IPO result is released, all the applicants who got allotment will receive the share in their demat account on the date of listing. And the rest, who unfortunately didn’t get the allotment will receive their IPO refund on/before the end date of mandate. Usually, with the registered phone number on the investment platform, every applicant gets a message when shares are blocked and unblocked in their bank account. This indicates if one has received the IPO allotment or not. Most of you would have received a request for UPI ID while completing IPO transaction. After the submission, investors will receive a validity period. The IPO amount which is blocked in an investor account usually gets unblocked one day later the IPO allotment or before the end of the validity period. Here is the screenshot of an IPO mandate after the transaction is made through the UPI ID that has the validity period of the IPO. <div type="image" title="zerodha refund" height="900" width="1200" msid="87745809" hostid="261"></div> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/reliance-industries-makes-for-nearly-third-of-niftys-fall-today-tata-motors-and-maruti-beat-the-trend/articleshow/87736157.cms">Reliance Industries makes for nearly third of Nifty’s fall today ⁠— Tata Motors and Maruti beat the trend</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/former-myntra-ceo-started-mensa-brand-in-may-and-its-already-worth-a-billion-dollars-with/articleshow/87735832.cms">Former Myntra CEO started Mensa Brand in May ⁠and it’s already worth a billion dollars with</a>

Not received Sapphire Foods IPO refund? Here are the things you should know about

<ul><li><keyword id="3742694" type="General" weightage="20" keywordseo="sapphire-foods" source="Orion">Sapphire Foods</keyword> India, the operator of KFC and Pizza Hut outlets, is looking to raise over ₹2,000 crore through the public listing.</li><li>Analysts believe riding on strong brands, fine dine experience and focus on delivery strength the company is well positioned to capture the new age wave of change in eating habits.</li><li>You can easily apply to the IPOs via mobile applications of new age investment platforms like Zerodha, Paytm, Upstox and others.</li></ul>Today (November 11) is the last day to subscribe to the initial public offering (IPO) of Sapphire Foods India, the operator of KFC and Pizza Hut outlets. So far, in the first two days of the IPO bidding process, it has already been subscribed over 1.07 times. Shares reserved for retail investors have been oversubscribed by 5.38 times on the second day of the IPO bidding process. While the IPO has received decent response from investors, its share premium in the grey market slipped to ₹85 from ₹125 earlier. You can easily apply to the IPOs via mobile applications of new age investment platforms like Zerodha, Paytm, Upstox and others. The company is looking to raise over ₹2,000 crore through the IPO that consists of a pure offer for sale of 1.75 crore shares by existing shareholders and promoters. The company is the largest franchisee of Yum! Brands in the Indian subcontinent. Besides, the company is backed by marquee investors such as Samara Capital, Goldman Sachs, CX Partners and Edelweiss. As of June 2021, the company owned and operated 209 KFC restaurants in India and the Maldives, 239 Pizza Hut restaurants in India, Sri Lanka and the Maldives, and two Taco Bell restaurants in Sri Lanka. Analysts believe the company is well positioned to capture the new age wave of change in eating habits. “Riding on strong brands, fine dine experience and focus on delivery strength the company is well positioned to capture the new age wave of change in eating habits. The quick service restaurant (QSR) segment is expected to witness a significant rebound in the coming years driven by the economic recovery of the country and improvement in the purchasing power of consumers,” said brokerage firm KR choksey while recommending a ‘subscribe’ rating to the IPO. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/paytm-ipo-subscription-day-2/articleshow/87608830.cms">Paytm IPO scrapes through after two days of underwhelming response</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/latent-view-ipo-analysts-recommend-subscribing-on-strong-demand-for-data-analytics/articleshow/87622215.cms">Analysts recommend subscribing to Latent View Analytics IPO on strong demand for data analytics</a>

Sapphire Foods IPO — Today is the last day to subscribe, grey market premium at ₹85

<ul><li>Shares of <keyword id="6017572" type="General" weightage="20" keywordseo="sapphire-foods-india" source="Orion">Sapphire Foods India</keyword> list at ₹1,311 while the shares were allotted at ₹1,180 per share.</li><li>The IPO was subscribed 6.62 times on the last day of the bidding.</li><li>The market capitalisation of the company stood at ₹8,330 crore.</li></ul>Shares of Sapphire Foods India, the operator of KFC and Pizza Hut outlets, made a good listing on the National Stock Exchange (NSE) and BSE at 11% premium over the issue price of ₹1,180 apiece. Post listing, the market capitalisation of the company stood at ₹8,330 crore, according to BSE data. The shares of Sapphire Foods were trading at ₹1,367, higher by 16% at 10.01 a.m., on November 18. The grey market showed a decent listing for Sapphire Foods a day prior to the listing with a ₹85 premium per share. The IPO was open between November 9 and November 11 ⁠and was oversubscribed 6 times by investors. It was subscribed 6.62 times on the last day of the bidding. The company is the largest franchisee of Yum! Brands in the Indian subcontinent. Besides, the company is backed by marquee investors such as Samara Capital, Goldman Sachs, CX Partners and Edelweiss. The company was looking to raise over ₹2,000 crore through the IPO that consisted of a pure offer for sale of 1.75 crore shares by existing shareholders and promoters. Moreover, <a href="https://www.businessinsider.in/stock-market/news/sapphire-foods-will-capture-the-wave-of-change-in-eating-habits-say-analysts/articleshow/87598674.cms">analysts believe </a>the company is well positioned to capture the new age wave of change in eating habits. “Riding on strong brands, fine dine experience and focus on delivery strength the company is well positioned to capture the new age wave of change in eating habits. The quick service restaurant (QSR) segment is expected to witness a significant rebound in the coming years driven by the economic recovery of the country and improvement in the purchasing power of consumers,” said brokerage firm KR choksey SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/paytm-ipo-listed-at-discount-of-9-starts-trading-at-1955/articleshow/87772082.cms">India’s biggest IPO lists 9% below the IPO price and it may fall even further, warn analysts</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/rbi-governor-shaktikanta-das-raises-concerns-on-crypto-again-even-as-india-looks-at-regulation/articleshow/87771963.cms">India is trying to regulate cryptocurrencies — but not everyone is on board, including the RBI governor</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/paytm-sapphire-foods-vedanta-and-other-top-stocks-to-watch-out-for-on-november-18/slidelist/87770708.cms">Paytm, Sapphire Foods, Vedanta and other top stocks to watch out for on November 18</a>

Sapphire Foods India lists at 11% premium on exchanges

The next ten days are big for IPO investors ⁠— hope you have cash set aside

Paytm, Sapphire Foods, Vedanta and other top stocks to watch out for on November 18

<ul><li>The basis of allotment for ₹540 crore (about $73 million) IPO of Mrs Bectors Food Specialities will be announced on December 22. </li><li>The Mrs Bector’s IPO garnered 198 times subscription and generated bids worth more than ₹40,000 crore against the offer size of ₹540 crore. </li><li>Here’s how to check Mrs Bector’s Food Specialities IPO allotment status.</li></ul>The initial public offer of Mrs Bectors Food Specialities broke the record of all initial public offering (IPO) subscriptions this year after it received tremendous response from investors. And, now all investors' eyes are waiting for the allotment date. The basis of allotment for ₹540 crore (about $73 million) IPO of Mrs Bectors Food Specialities will be announced on December 22. This was the second initial public offer this month to have received an overwhelming response – the first one being Burger King India, which is one of its clients. The Mrs Bector’s IPO garnered 198 times subscription and generated bids worth more than ₹40,000 crore against the offer size of ₹540 crore. However, after this stellar response that Mrs Bectors Food IPO has garnered, one thing is certain — not all investors will get the same amount of shares that they had subscribed for. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> Mrs Bectors Food Specialities IPO </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Buyer </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional Investor </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail Individual Investor </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Employee </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Offer size </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3,776,502 </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2,832,378 </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6,608,881 </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">18,450 </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">13,236,211 </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of times issue subscribed </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">176.85x </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">620.86x </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">29.33x </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">45.46x </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">198.02x </td></tr></tbody></table> Once the basis of allotment is done, the investors can check their subscription status on Mrs Bector’s Food Specialities IPO registrar’s Link Intime India Private <a href="https://linkintime.co.in/MIPO/IPO.aspx">website</a>. Here’s how to check Mrs Bector’s Food Specialities IPO allotment status: If you subscribed for the Mrs Bector’s Food Specialities IPO, you could check your allotment status by following these simple steps: To check on the stock-exchange website: <ul><li>To check Mrs Bector’s Food Specialities allotment status, go to the<a href="https://www.bseindia.com/investors/appli_check.aspx"> BSE website</a> or <a href="https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp">NSE website</a> here.</li><li>On BSE, Select ‘Equity’ and then from the dropdown, select ‘Mrs Bector’s Food Specialities’. </li><li>Now, enter your application number and PAN.</li><li>Click on ‘Search’.</li></ul>Please note the details will only be available once the shares are allotted. You can also visit the Registrar website (Linkintime) to check your application status. <ul><li>Visit the registrar’s website <a href="https://www.linkintime.co.in/IPO/public-issues.html">here</a>.</li><li>Click on ‘Select company’ and click on ‘Mrs Bector’s Food Specialities IPO’. It will only appear post allotment on December 22.</li><li>Once the company is selected, you will have to enter either your PAN detail, the application number, or client ID.</li><li>Enter the captcha and click ‘submit’. </li></ul>Once you hit ‘submit’ the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares that you subscribed to and the number of shares that have been allotted to you. The growing appetite for its shares The shares of the biscuits and bread maker are pipping hot in the grey market, ahead of its listing. The grey market premium of the food giant soared <a href="https://www.ipowatch.in/2020/12/mrs-bectors-food-ipo-gmp-grey-market-premium-today.html">nearly 80% to ₹230</a>, up from 76% on the closing day of subscription. The grey market premium is the measure of the extra amount that the market is ready to pay for a newly listed company’s shares. However, it is not an official measure of the market premium. But it is a fair indicator of demand for the shares in the market. SEE ALSO: <a href="https://www.businessinsider.in/science/news/fda-says-it-will-rapidly-work-toward-authorizing-modernas-covid-19-vaccine/articleshow/79789544.cms" data-type="tilCustomLink">FDA says it will 'rapidly work toward' authorizing Moderna's COVID-19 vaccine</a> <a href="https://www.businessinsider.in/tech/news/facebook-and-google-have-been-accused-of-striking-a-secret-illegal-advertising-deal/articleshow/79778780.cms" data-type="tilCustomLink">Facebook and Google have been accused of striking a secret, illegal advertising deal</a>

Mrs Bectors Food Specialities IPO allotment today: Here’s how to check share allotment status

<ul><li>The company is likely to announce its allotment status on July 22 and shares will list on July 23 on exchanges NSE and BSE.</li><li><keyword id="9029084" type="UNKNOWN" weightage="20" keywordseo="zomato-IPO">Zomato IPO</keyword> was subscribed 40.38 times on the last day of the offer.</li><li>The food delivery business is intended to raise ₹9,375 crore with this IPO.</li></ul>Food delivery firm Zomato is likely to announce the allotment of its shares on July 22. Shares of the company may list on July 23 on BSE and National Stock Exchange (NSE). The IPO was open for subscription between July 14 and June 16. Zomato is intended to raise ₹9,375 crore via the IPO -- ₹9,000 crore as a fresh issue and ₹375 crore as a secondary issue by early investor InfoEdge. On the last day of bidding, the IPO was subscribed 40.38 times at 5 p.m. The portion reserved for retail investors was subscribed 7.87 times and that for qualified institutional investors was subscribed 54.71 times while the non-institutional investor category received a bid for 34.8 times. Here is <keyword id="11688032" type="UNKNOWN" weightage="20" keywordseo="how-to-check-zomato-ipo-allotment">how to check Zomato IPO allotment</keyword> status on stock exchange website: <ul><li>Go to the <a href="https://www.bseindia.com/investors/appli_check.aspx">BSE website</a> or NSE website<a href="https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp"> here</a>.</li><li>On BSE, Select 'Equity' and then from the dropdown, select 'Zomato’.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li><li>Please note the details will only be available once the shares are allotted.</li></ul>You can also visit the registrar website (Link Intime India) to check your application status. <ul><li>Visit the registrar's website <a href="https://linkintime.co.in/MIPO/Ipoallotment.html">here</a>.</li><li>Click on 'Select company' and click on Zomato’.</li><li>Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.</li><li>Enter the captcha and click ’submit’.</li></ul>Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you. SEE ALSO: <a href="https://www.businessinsider.in/business/news/policybazaar-plans-to-raise-close-to-870-million-through-its-ipo-at-a-likely-valuation-of-3-5-billion/articleshow/84606274.cms">PolicyBazaar plans to raise ₹6,500 crore in its IPO </a> <a href="https://www.businessinsider.in/tech/news/how-to-find-out-if-your-phone-is-infected-by-the-pegasus-spyware/articleshow/84578193.cms">How to find out if your phone is infected by the Pegasus spyware </a>

Zomato IPO: How to check allotment status, listing date and more

<ul><li>The basis of allotment for ₹810 crore initial public offering (IPO) of Burger King India will be announced today (December 9). </li><li>The public issue of the quick-service restaurant (QSR) chain was subscribed 157 times on December 4, the final day of bidding. </li><li>The grey market premium of the food giant also soared nearly 70% to ₹40-42, up from 58% on the closing day of subscription. </li><li>Here’s how to check Burger King India IPO allotment status. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>After receiving a stellar response from investors, the basis of allotment for ₹810 crore initial public offering (IPO) of Burger King India will be announced today (December 9). The public issue of the quick-service restaurant (QSR) chain was subscribed 157 times on December 4, the final day of bidding — making it the second most successful IPO of 2020 after Mazagon Dock shipbuilders. It received bids for 11.67 billion shares, against the 74.49 million on offer. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Burger King India </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified institutional buyer </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional investors </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail individual investor </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IPO subscription </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">86.64x </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">354.11x </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">67.41x </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">156.52x </td></tr></tbody></table> Once the basis of allotment is done, the investors can check their subscription status on Burger King IPO registrar’s Link Intime India Private <a href="https://linkintime.co.in/MIPO/IPO.aspx">website</a>. However, after this stellar response that Burger King India IPO has garnered, one thing is certain — not all investors will get the same amount of shares that they had subscribed for. Here’s how to check Burger King India IPO allotment status: If you subscribed for the Burger King India IPO, you could check your allotment status by following these simple steps: To check on the stock-exchange website: <ul><li>To check the Burger King India IPO allotment status, go to the<a href="https://www.bseindia.com/investors/appli_check.aspx"> BSE website</a> or <a href="https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp">NSE website</a> here.</li><li>On BSE, Select ‘Equity’ and then from the dropdown, select ‘Burger King India’. </li><li>Now, enter your application number and PAN.</li><li>Click on ‘Search’.</li></ul>Please note the details will only be available once the shares are allotted. You can also visit the Registrar website (Linkintime) to check your application status. <ul><li>Visit the registrar’s website <a href="https://www.linkintime.co.in/IPO/public-issues.html">here</a>.</li><li>Click on ‘Select company’ and click on ‘Burger King India IPO’. It will only appear post allotment on November 17.</li><li>Once the company is selected, you will have to enter either your PAN detail, the application number, or client ID.</li><li>Enter the captcha and click ‘submit’. </li></ul>Once you hit ‘submit’ the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares that you subscribed to and the number of shares that have been allotted to you. The growing appetite for its shares The shares of the American food giant are pipping hot in the grey market, ahead of its listing. The grey market premium of the food giant also soared nearly 70% to ₹40-42, up from 58% on the closing day of subscription. The grey market premium is the measure of the extra amount that the market is ready to pay for a newly listed company’s shares. However, it is not an official measure of the market premium. But it is a fair indicator of demand for the shares in the market. SEE ALSO: <a href="https://www.businessinsider.in/science/health/news/oxford-covid-19-vaccine-serum-institute-seeks-emergency-use-nod-for-covishield-vaccine-in-india/articleshow/79600349.cms" data-type="tilCustomLink">Oxford COVID-19 vaccine: Serum Institute seeks emergency use nod for Covishield vaccine in India</a> <a href="https://www.businessinsider.in/india/news/section-144-extended-across-noida-and-greater-noida-till-january-2/articleshow/79600323.cms" data-type="tilCustomLink">Section 144 extended across Noida and Greater Noida till January 2</a>

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