Zomato shares make stock market debut, opens at 53% above offer price

Zomato shares made a strong market debut, opening at 53 per cent premium to their initial public offering price on Friday. Zomato’s stock was listed on the National Stock Exchange (NSE) at Rs 116 per share — a 53 per cent premium on its final offer price of Rs 76. On the Bombay Stock Exchange (BSE), it opened at Rs 115 at a premium of over 51 per cent.

After getting listed, Zomato’s market capitalisation soared over Rs 1 lakh crore on the NSE. The firm’s m-cap has increased to Rs 1,08,067, highlighting the strong stock market debut.