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Zomato starts trading at Rs.116 , A premium of 53%.

The Edge Media by The Edge Media
4 years ago
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Zomato starts trading at Rs.116 , A premium of 53%.
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Zomato shares have made a stellar debut on the bourses after the share listing was advanced from the scheduled date of July 27 . 

The shares of the food startup opened at Rs.116, a premium of Rs.53 per cent compared to the issue price of Rs. 76 . At 10.05 am , Zomato shares were trading at the day’s high of Rs. 134.70 , up 77.63 percent on the BSE and Rs. 135.60 , up 77.57 per cent on the NSE. 

The IPO of the online food delivery service provider is the second largest IPO after the Rs 15,199.44  crore Coal India Share sale way back in October 2020. It is also the first Indian mega startup to go public, paving the way for the other leading digital companies such as Paytm, Flipkart and Ola to take the IPO route. 

 

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