Zomato's strong entry into the stock market, the company's market cap is 1 lakh crores
Zomato came up with an IPO of 9,375 crores, the second-largest IPO in the country after Coal India's IPO of 15,199.44 crores
Zomato shares have made a tremendous entry into the stock market today. In this way, the company has become the first startup company to go through the IPO route. At the same time, with this listing, the market capitalization of the company increased to 1 lakh crore. Today the company's shares are listed at a premium of 53 percent over its issue price. The IPO of the company's shares was issued at an issue price of Rs 76, but its listing has been done at Rs 116 per share. In the very first hour, the price of the company's shares had gone up from 53% of the listing to 81% i.e. Rs 138 per share. If we look at the trading, then at 10:38 in the morning, the company's shares were trading at Rs 5,226.30 with a gain of 0.95 points or 0.018%.
Let us inform that Zomato came with an IPO of 9,375 crores, the second-largest IPO in the country after Coal India's IPO of 15,199.44 crores. Zomato has also created history in the sense that it is the first mega startup in the country to go public.
Zomato's IPO has been subscribed 38.25 times. The reserve share for Qualified Institution Buyers was subscribed 51.79 times. The share of non-institutional investors got subscribed 32.96 times. At the same time, the retail portion was subscribed 7.45 times.
The company's founder Deepender Goyal tweeted before the listing and expressed happiness and said that he is not sure about success and failure, but he knows that the company will give its best.
Zomato has collected Rs 4,196.51 crore from this IPO. The company has got 186 anchor investors in the IPO.