The stock witnessed a massive combined volume of around 51.56 million shares in the first hour of trades on the BSE and NSE. The stock has pared some gains, but is still up 12.2 percent at Rs 23 on the BSE, while the S&P BSE Sensex is down 10 points at 59,404 at 10, 05 am.

RBI said the bank has given the commitment to comply with the norms of Minimum Regulatory Capital, Net Non-performing Assets and Leverage ratio on an ongoing basis. It has apprised about the structural and systemic improvements in place to help the bank to meet these commitments.

According to India Ratings, IOB has been meeting the threshold to exit the PCA framework on a quarterly basis in the last four quarters and on an annual basis for FY21.

IOB was placed under in October 2015 on account of fight Net-Performing Assets (NPAs) and negative Return on Assets (RoA). It was barred from increasing risk-weighted assets.

For the quarter ended March 2021, the IOB’s net NPAs declined to 3.58 percent from 5.68 percent in March 2015 (FY15). It posted a net profit of Rs 831 crore in FY21 as against a net loss of Rs 454.33 crore in Fy15. The ROA was 0.27 percent for FY21 while it was negative at -0.16 percent for FY15.

After scaling an intra-day high of 58,195, the 30 share BSE index jumped 277 points or 0.48 per cent to finish at record high of 58,130. While the broader NSE Nifty settled 89 points or 0.52 per cent higher at fresh peak of 17,324.

Reliance was the top gainer in the Sensex pack rising above 4 per cent followed by Titan, Tata Steel, Bajaj Auto, Maruti, and Dr. Reddy’s.

Whereas HUL, Bharti Airtel, HDFC Bank, HDFC, Induslnd Bank and Axis Bank were the major losers falling up to 1.18 per cent.

On the NSE platform, sub-indices Nifty Oil and Gas, Media, Auto, and Metal gained as much as 2.48 per cent.

“The sentiments look positive and market is set to continue or at least hold the gains in the United States, although the market might be cautious in the second half ahead of US jobs data,” Anand James, chief market strategist at Geojit Financial Services told Financial told news agency Reuters.

Domestic markets, having outperformed Asian peers so far this year, has enjoyed its record highs on abundant liquidity and positive global cues, along with the Fed’s dovish stance.

The Nifty has hit record high 47 times and the sensex 38 times this year, as per Refinitiv Eikon data.

Investors also await US jobs data to ascertain the pace and timing of the Federal Reserve’s tapering of asset purchases.

Mow, that the issue has closed all eyes on allotment date. Zomato IPO allotment date is July 22, 2021. Those who wish to check allotment can do it through the Bombay Stock Exchange (BSE) website and Zomato IPO allotment link Linkintime.

How to check Zomato IPO Allotment status on BSE?

Step 1: Visit the link – bseindia.com/investors/appli_check.aspx on BSE official website.

Step 2: In the dropdown menu select ‘Equity’ for issue type.

Step 3: Now, select the name of the IPO, which is ‘Zomato Limited’ in this case

Step 4: Here, you will be asked to verify the application number & PAN number

Step 5: Hit the search button and you are good to go. You can see your IPO allotment on the screen.

Steps to check Zomato IPO Allotment on Zomato IPO allotment link Linkintime

Step1: Visit Linkintime IPO allotment link: ris.Linkintime.com/ipostatus/

Step 2: Again, select IPO Name- ‘Zomato Limited’

Step 3: Here, fill in details such as PAN number, application number, or DP ID

Step 4: Now, click on the ‘Search’ Button. You can now see your Zomato IPO Allotment on the screen.

The three-day IPO was launched on July 14, 2021; with an issue size of Rs 9375 crore and a price range of 72-76 per share.