Online meals supply platform Zomato made a strong stock market debut on Friday as its shares bought listed at Rs 115 a piece on BSE, which noticed a surge of 51.32 per cent or Rs 39 from IPO worth of Rs 76. While on NSE, Zomato shares surged practically 52.63 per cent or Rs 40 to Rs 116 apiece.
Zomato’s complete market capitalisation stood at Rs 90,219.57 crore. In traded quantity phrases, 42 lakh shares have exchanged arms on BSE, whereas 19.41 crore items traded on NSE, thus far. The Rs 9,375-crore IPO was bought in a worth band of Rs 74-76 a share throughout 14-16 July.Â
Zomato turns into the primary Indian unicorn to go public and will likely be adopted by different startups together with PayTm, Policy Bazaar, amongst others.
The firm mounted the value at the upper finish of the provide band of Rs 72-76 for 71.92 crore shares. The IPO of Zomato was India’s largest preliminary share sale provide since March 2020.
While certified institutional patrons or QIBs bid nearly 52 occasions the quota reserved for them, non-institutional buyers sought 640 crore shares in opposition to their quota of 19.43 crore. Retail buyers bid 7.45 occasions in opposition to the 12.96 crore shares reserved for them.
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