Zomato shares zoom to over 82% in market debut

Zomato shares soared 82.8 per cent on Friday after opening at ₹116 in pre-open trade, a 53 per cent premium to the offer price of ₹76 for the 93.75 billion rupees IPO. Zomato shares jumped nearly 53 per cent in its debut trade against its issue price of ₹76.

Zomato stock made its debut at ₹115 or a huge gain of 51.31 per cent against the issue price on BSE and then hit a high of ₹138, a jump of 81.57 per cent. It got listed on NSE at ₹116, registering a premium of 52.63 per cent.

Zomato founder and CEO Deepinder Goyal shared a letter to shareholders ahead of its much-anticipated stock market debut on Friday.