Zomato is one of the India’s biggest leading food delivery joint across 525 cities in India, with 3,89,932 active restaurant listings along with presence in 23 countries outside India in the month of March 2021.
Today as the stock opened up, it was at Rs 116 on the lisiting of NSE as making a stellar debut on Dalal Street, a 52.63 percent premium to its final offer price of Rs 76. The listing price on the BSE was at Rs 115, raised up 51.32 percent.
Also the market capitalization of the company has crossed Rs 1 lakh crore, as it stood at Rs 1,08,067.35 crore after a stellar debut on Dalal Street, ahead of IOC, BPCL, Shree Cements.
The IPO was listed at Rs 9,375-crore , which opened its first subscription on July 14-16, seen a stellar response from investors with 38.25 times subscription – highest in last 13 years among IPOs valued more than Rs 5,000 crore each.
Zomato was launched on 2010 with its technology platform to connects customers, restaurant partners and delivery partners, for serving multiple needs.
It has two core business-to-customer offerings that is, Food delivery, and Dining-out, in addition to its business-to-business offering Hyper-pure. Besides this the another part of business is listed as Zomato Pro, for its customer loyalty program for both food delivery and dining-out.