Zomato IPO is the second largest IPO after the ₹ 15,199.44 crore Coal India in October 20102

Zomato shares have made a stellar debut on the bourses after the share listing was advanced from the scheduled date of July 27. The shares of the food startup opened at ₹ 116, a premium of ₹ 53 per cent compared to the issue price of ₹ 76. At 10:05 am, Zomato shares were trading at the day’s high of ₹ 134.70, up 77.63 per cent on the BSE and ₹ 135.60, up 77.57 per cent on the NSE.

Ahead of the listing, Deepinder Goyal, Founder, Zomato expressed optimism about the company.

The IPO of the online food delivery service provider is the second largest IPO after the ₹ 15,199.44 crore Coal India share sale way back in October 2010. It is also the first Indian mega startup to go public, paving the way for the other leading digital companies such as Paytm, Flipkart and Ola to take the IPO route.

Zomato’s ₹ 9,375-crore offer had received a stupendous response from the investing community. The IPO was subscribed 38.25 times; the portion reserved for qualified institutional buyers (QIB) was subscribed 51.79 times, non-institutional investors attracted 32.96 times subscription and retail segment, 7.45 times.

The restaurant aggregator and food delivery company’s primary market offering consisted of a fresh issue of ₹ 9,000 crore and an offer for sale of ₹ 375 crore by the promoter, Info Edge India.

The anchor book had also garnered a strong response ahead of the IPO. Zomato raised ₹ 4,196.51 crore from 186 anchor investors, including New World Fund Inc, American Funds, Tiger Global Investments Fund and BlackRock Global.

Zomato was incorporated in 2008. Backed by China’s Ant Group, Zomato is among the most prominent startups in the country today and has a presence in 24 countries worldwide.