Zomato market cap breaches Rs 1 lakh crore after stellar D-Street listing- Avaneesh Parasar

 

Zomato market cap breaches Rs 1 lakh crore after stellar D-Street listing- Avaneesh Parasar

Zomato scripted history on Friday by becoming India’s first unicorn to debut on the stock exchanges. The scrip got listed at Rs 115 on BSE, a 51.32 per cent premium to the issue price of Rs 76. On NSE, the stock made a debut at Rs 116, up 52.63 per cent. With its mega listing, Zomato entered the elite club of Top 100 listed companies in value terms, with a market capitalisation of over Rs 1 lakh crore. At issue price, its market cap stood nearly at Rs 65,000 crore; 100th member’s current m-cap is Rs 44,685.37 crore.

Zomato

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