Zomato closes the initial day at a 66% premium on issue price
Stock opened at a more than 50 per cent premium on is debut day
Mumbai: The much-awaited Rs 9,375-crore Zomato IPO listed on the exchanges on July 23rd. After a robust response to the subscription, the Zomato shares made a strong stock market debut, closing the initial day of trade at Rs 126 per share. Zomato’s stock price was up 66 per cent from the IPO price of Rs 76.
The stock opened at Rs 116 on NSE which is at a 52 percent premium to its final offer price of Rs 76. The listing price on the BSE was at Rs 115, up 51 percent to is final offer price. By Noon, Zomato had hit an intraday high of Rs 138 which pushed its market-capitalization to more than Rs 100,000-crore, making it the 46th stock in the list of 50 most valued counters. Sanjeev Bikhchandani hold 24.6% stake in InfoEdge
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