Zomato Debut On Stock Markets, Market Cap Crosses Rs 1 Lakh Crore
Zomato's shares were listed on the national bourses on Friday, a day after the food delivery giant finalized its IPO share allotment
NEW DELHI: Online food delivery platform Zomato debut on stock markets on Friday, 23 July.
According to reports, Zomato's shares were listed on the national bourses on Friday, a day after the food delivery giant finalised its IPO share allotment, ahead of schedule.
Earlier, the shares were to list on 27 July but Zomato decided to go public on 23 July instead.
Zomato shares opened at Rs 116 per share, at around 50 percent premium to its issue price of Rs 76 per share, reported Moneycontrol. Further, as per the report, as of 10:12 am, the value stood at Rs 1,08,263.48 crore.
Around 1 pm, its shares on the BSE were trading at Rs 125.90, higher by Rs 10.90 or 9.48 percent from the issue price of Rs 76 per share.
From 'one day to 'day one', Zomato's Twitter handles posted soon after the opening on Friday.
Meanwhile, ahead of the listing, CEO Deepinder Goyal wrote on Twitter, "Never been so excited and indifferent at the same time."
Goyal had also penned a note to shareholders and India's startup ecosystem.
"Today is a big day for us. A new Day Zero. But we couldn't have gotten here without the incredible efforts of India's entire internet ecosystem," he wrote in a blog.
"We stand proudly and humbly on the shoulders of giants, and we thank everyone for giving us, and so many other startups, the opportunity to look ahead into the future," he added.