Zomato shares climbs up by up to 70% on share market
New Delhi : Zomato shares have made an unexpected debut in the share market after the share listing was advanced from the scheduled date of July 27. The shares of food startup opened at Rs 116, a premium of ₹ 53 per cent compared to the issue price of Rs 76. At 10:05 am.
By the time this report was being written, the highest share had touched was Rs 138.90.
Ahead of the listing, Deepinder Goyal, Founder, Zomato had expressed optimism about the company.
On the day of listing of share, he wrote a letter to the shareholders. https://t.co/BAIM8bTATY
"The future looks exciting. I don't know whether we will succeed or fail – we will surely, like always, give it our best."
in a letter to shareholders before the listing, Deepinder Goel called the listing “a new day zero” for the food delivery giant. “Today is a big day for us. A new Day Zero. But we couldn't have gotten here without the incredible efforts of India's entire internet ecosystem,” Mr Goel wrote in the letter titled “Letter from Deepi”.
“I'm a firm believer in India, and where our country will be in the future. India is a tough market to operate in, but if you are building to succeed in India, you are already exceptional."