Bumper debut for Zomato; m-cap races past Rs 1 lakh cr

Food delivery platform Zomato made a stellar debut on bourses on Friday, as its shares zoomed nearly 53 per cent against the issue price of Rs 76, and its market valuation has crossed the Rs 1-lakh-crore mark.

The stock made its debut at Rs 115, reflecting a huge gain of 51.31 per cent against the issue price on the BSE. It then hit a high of Rs 138, a jump of 81.57 per cent.

At the NSE, it got listed at Rs 116, registering a premium of 52.63 per cent.

With the rally in the shares, the company’s market valuation went past the Rs 1-lakh-crore mark on the BSE.