Zomato starts trading at rupees 116, premium of 53%

The shares of the food startup opened at 116 at a premium of 53% compared to the issue price of 76.

The founder of Zomato shares it’s expression as the optimism of the company as it’s foresightedness.

Till the morning the shares of the company were at 134 rupees as of 77.6% in Bombay stock exchange whereas rupees 135 at 77.5% in National stock exchange.

The investing companies received a spontaneous response to  Zomato’s Rs 9,375 crore offer.

The IPO (initial public offering) of the company which is a food delivering company is the second largest IPO after Coal India share sale back in October 2010.

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