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( As on 23/07/2021 09:50) Zomato Ltd. debuts with 51.31% premium at Rs 115.00

Zomato Ltd. makes a strong debut on the bourses with scrip got listed at Rs 115.00 on the Bombay Stock Exchange, a 51.31 per cent premium to its issue price of Rs 76.00. On the National Stock Exchange, the stock was listed at Rs 116.00.

The company, which raised 123.36 Cr from initial public offering, was subscribed 40.11 times, receiving bids for 4,94,777.96 lakhs shares against the total issue size of 12,335.53 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Jul 14 to Jul 16.

Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.

The company anticipates using the proceeds of the issue for .

Citigroup Global Markets India Pvt.Ltd.,Kotak Mahindra Capital Company Ltd.,Morgan Stanley India Company Private Limited,Credit Suisse Securities (India) P. Ltd.,BofA Securities India Limited as lead managers & Link Intime India Private Limited is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 52,837.21, up 638.70 points, or 1.22 per cent.
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