Zomato makes a stellar debut. Market cap crosses Rs. 1 lakh cr by admin- Friday, July 23rd, 2021 04:33:16 PM
Zomato shares made a robust inventory marketplace debut on July 23, listing at Rs. A hundred and fifteen apiece on BSE. Zomato shares surged 51.32% or Rs. 39 from IPO fee of Rs. 76. The overall market capitalisation of this on line meals ordering platform at list stood at Rs. Ninety,219.Fifty seven crore. While on NSE, Zomato shares surged nearly 53% or Rs. Forty to Rs. 116 apiece.
In traded extent phrases, forty two lakh shares have exchanged fingers on BSE, at the same time as 19.41 crore units traded on NSE, to date. The Rs. 9,375-crore IPO became offered in a fee band of Rs. 74-seventy six a proportion at some point of 14-16 July. The mega public problem of the food-tech unicorn saw a subscription of over 38 instances, receiving a robust response from all wallet of traders.
Zomato’s IPO is the first Indian internet unicorn to make its stock marketplace debut. This a whole lot-awaited public issue is the largest to hit Dalal Street since SBI Cards and Payment Services’ Rs. 10,341-crore IPO in March 2020.