Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News

Zomato Recorded a Robust Debut on the Stock Market

Meet the voice behind Indo-Asian News Service (IANS), a storyteller navigating the currents of global events with precision and depth. Crafting narratives that bridge cultures, IANS brings you the pulse of the world in every word

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

After a massive response to its IPO, online food delivery platform Zomato recorded a robust debut on the stock market on Friday.

Around 10.58 a.m., its shares on the BSE were trading at Rs 127.90, higher by Rs 51.90 or 68.29 percent from the issue price of Rs 76 per share.

On the BSE, it got listed at Rs 115.00 a share.

Further, on the National Stock Exchange, its shares were trading at Rs 127.20, against the issue price of Rs 76. It got listed on the NSE at Rs 116 per share.

Post the stellar debut, the market capitalization of Zomato is around Rs 1 lakh crore. Currently, it is at Rs 96,103.45 crore.

The listing was in line with the expectations.

The much-anticipated initial public offering (IPO) of Zomato was subscribed over 38 times by the end of the final day of the issue on Friday.

According to data on the BSE website, qualified institutional buyers (QIB) subscribed 51.79 times of their earmarked portion. The portion of the non-institutional investors was subscribed 32.96 times.

Further, retail investors subscribed 7.45 times of the portion allocated to them. The portion reserved for employees was subscribed 0.62 times.


Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic