Zomato Shares: Zomato’s strong entry in the stock market, the company’s market cap is 1 lakh crores
Zomato IPO Listing : Food Unicorn Zomato has entered the stock market.
Mumbai:
Zomato shares have made a tremendous entry in the stock market today. In this way the company has become the first startup company to go through the IPO route. At the same time, with this listing, the market capitalization of the company increased to ₹ 1 lakh crore. Today, the company’s shares are listed at a premium of 53 per cent over its issue price. The IPO of the company’s shares was issued at an issue price of Rs 76, but its listing has been done at Rs 116 per share. In the very first hour, the price of the company’s shares had gone up from 53% of the listing to 81% or Rs 138 per share. If we look at the trading, then at 10:38 in the morning, the company’s shares were trading at Rs 5,226.30 with a gain of 0.95 points i.e. 0.018%.
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Let us tell you that Zomato came with an IPO of 9,375 crores, the second largest IPO in the country after Coal India’s IPO of 15,199.44 crores. Zomato has also created history in the sense that it is the first mega startup in the country to go public.
Zomato’s IPO has been subscribed 38.25 times. The reserve share for Qualified Institution Buyers was subscribed 51.79 times. Share of non-institutional investors 32.96 times subscribed. At the same time, the retail portion was subscribed 7.45 times.
The company’s founder Deepender Goyal tweeted before the listing and expressed happiness and said that he is not sure about success and failure, but he knows that the company will give its best.
On the day of our listing, here’s something I want to share with our shareholders, and India’s startup ecosystem. https://t.co/BAIM8bTATY
The future looks exciting. I don’t know whether we will succeed or fail – we will surely, like always, give it our best.
Zomato has collected Rs 4,196.51 crore from this IPO. The company has got 186 anchor investors in the IPO.