- Zomato shares listed with a premium of 53 per cent over its issue price
- It was listed on NSE at Rs 116 with a premium of 52.63 per cent.
- It started its innings with a premium of 51.32 per cent on BSE.
- The company has become one of the top 100 companies in the country by market value.
Shares of online food platform Zomato got listed today with a premium of 53 per cent over its issue price. It was listed on NSE at Rs 116 with a premium of 52.63 per cent. Similarly, on BSE, it started its innings at Rs 115 with a premium of 51.32 per cent. The issue price for the IPO was Rs 72 to 76. With this, the company became one of the top 100 companies in the country by market value. Despite the fall in the market, the stock of Zomato was successful in giving good returns to investors on listing.
Zomato created history on Friday. It became the first unicorn company in the country to be listed on the stock exchange. Zomato had made special preparations for the listing. The company celebrated the listing in a special way at its headquarters in Gurgaon. Unicorn is the first startup to bring Zomato IPO. The company’s 9,375 crore IPO was open for subscription from July 14 to 16. The price band for this was fixed at Rs 72-76. Under this, fresh shares worth Rs 9,000 crore would be issued while InfoEdge sold shares worth Rs 375 crore.
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38.25 times more subscribed
Zomato’s IPO was oversubscribed 38.25 times. It received 54.71 per cent bids in QIB category, 34.80 per cent in NII and 7.87 per cent in retail. The company says that the proceeds of the IPO will be used for organic and inorganic growth initiatives and for general corporate purposes.