Connect with us

Hi, what are you looking for?

Share Market

Zomato listing HIGHLIGHTS: Share price ends first day of trade at Rs 126; jumps 66% from IPO price

zomato listing, zomato ipo, zomato share priceZomato ended the initial day of trade on the stock exchanges in the green. Image: Zomato Twiiter

Zomato IPO share listing HIGHLIGHTS: Zomato shares made a strong stock market debut on Friday, closing the initial day of trade at Rs 126 per share on the NSE. Zomato’s stock price was up 66 per cent or Rs 50 from IPO price of Rs 76. On opening, Zomato shares hit 20 per cent upper circuit at Rs 138, nearly doubling IPO investors money. The total market capitalisation of the online food ordering platform stood at Rs 98,211 crore on the closing bell, down from Rs 1 lakh crore earlier in the day. While on BSE, Zomato shares closed 65 per cent or Rs 49.86 higher at Rs 125.85 apiece. In traded volume terms, 451 lakh shares have exchanged hands on BSE, while 69.48 crore units traded on NSE. The Rs 9,375-crore IPO was sold in a price band of Rs 74-76 a share during 14-16 July. The mega public issue of the food-tech unicorn saw a subscription of over 38 times, receiving a robust response from all pockets of investors. Zomato’s IPO is the first Indian internet unicorn to make its stock market debut. This much-awaited public issue is the largest to hit Dalal Street since SBI Cards and Payment Services’ Rs 10,341-crore IPO in March 2020.

Check LIVE prices: Zomato

Click to comment

Leave a Reply

Your email address will not be published.

You May Also Like

Technology

Cybercriminals Adopt the Blockchain to Broadcast confidential Messages A group of analysts from SophosLabs represents that programmers working the crypto-jacking malware, Glupteba, have been...

Technology

PUBG unban in India soon as PUBG Corp. Will The Government Of India Unban PUBG? PUBG Mobile was Ban in India, PUBG organization has...

Technology

A standard method to execute Bitcoin could be powerless against double-spending, the new examination has found. Blockchain sleuths at ZenGo, a wallet startup, have...

BlockChain News

HDD mining, also known as “storage mining”, is a process of obtaining cryptocurrency based on hard disk memory. Compared with traditional POW mining, hard...