Saturday, October 16, 2021
HomeNewsInvestors became wealthy as a result of Zomato's spectacular stock market debut,...

Investors became wealthy as a result of Zomato’s spectacular stock market debut, which saw its shares rise 53 percent to Rs 116

Zomato, a digital food delivery service, has a fantastic listing today. The stock has a premium of 51.32 percent on the NSE. Zomato’s stock is trading at Rs 116 on the NSE, up from Rs 76 when it was first floated, and at Rs 115 on the BSE.

Zomato IPO: Zomato, a digital meal delivery service, has a fantastic IPO today. The stock has a premium of 51.32 percent on the NSE. Zomato’s stock is trading at Rs 116 on the NSE, up from Rs 76 when it was first floated, and at Rs 115 on the BSE. That is, Zomato’s stock is trading at a premium of Rs 39 to 40 to its issue price.

The market capitalization has surpassed Rs. 1 lakh crore.

The rise in Zomato’s stock has continued after its IPO. Zomato’s stock has risen to Rs 138.90 on the NSE intraday thus far. The company’s stock has a market capitalization of over Rs 1 lakh crore. It has risen to number 45 in India in terms of market capitalization. Zomato has already surpassed Tata Motors, Dabur, Godrej Consumer, Shree Cement, IOC, and BPCL in terms of market capitalization. The fascinating thing is that Zomato’s market cap has now surpassed that of Info Edge, which owns the majority of Zomato’s stock.

Read More: From August 1, new wage, pension, and EMI payment rules will be in effect! The Reserve Bank of India has made some modifications; find out what they are and how they will benefit you

Instead of July 27, the listing was completed today.

Zomato was originally scheduled to be listed on July 27, However, it was agreed to list it four days ago, on today’s date. On Thursday, July 22nd, Zomato shares were distributed. Zomato’s initial public offering (IPO) last week garnered a strong reaction, with the stock being subscribed 38 times. Through this issue, the company has created a demand of Rs 2.13 lakh crore, the most in 11 years and the third-largest in capital market history. This initial public offering (IPO) began on July 14th and ended on July 16th.

375 crores in OFS

Zomato’s IPO included an offer for sale (OFS) of Rs 375 crore, as well as new equity shares at Rs 9000 crore. The company had originally planned to raise 8250 crores through an IPO, however, this was later raised. The pricing band for Zomato’s IPO was set at Rs 72 to Rs 76. There was a lot size of 195 shares in it at the same time. It was necessary to deposit at least Rs 14820 in the top price band of Rs 76.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Latest

Know-How much is a full charge electric car, what is the price of one unit?

Electric car charging rate: If you talk about electric car charging, then you can get it charged at Rs 15 per unit in Mumbai...

MG Astor Compact SUV Launched in the Market, Prices Start at ₹ 9.78 Lakh

The 2021 MG Astor is the fifth car from the company to go on sale in India, which is the petrol model of the...

Rubina Dilaik shared photos in a backless two-piece, going viral on the internet

Rubina Dilaik, the winner of TV's popular controversial show 'Bigg Boss 14', has come into the limelight. Since the show, his fan following on...

Samsung’s dazzling foldable 5G phone came to mess with the iPhone 13, the design made people crazy and the price blew the senses

Samsung W22 5G Foldable Phone Launched: Samsung has launched the W22 5G foldable smartphone in China. The foldable device will be a China-only model and...

Credit Card Statement: Why is it important to view credit card statements? If you don’t see then do a big mistake

Credit Card Statement: If you have a credit card from any bank, then it is very important to see its statement. The credit card...

Subscribe

* indicates required