Internet celebrates Zomato’s IPO listing with funny memes

As Zomato was listed on the Indian stock exchange, netizens have flooded the internet with funny memes and jokes.

On Friday, Zomato shares had a good stock market debut, debuting at Rs 116 per share on the BSE. Zomato’s stock jumped 51.32%, or Rs 39, from its initial public offering (IPO) price of Rs 76.

At the time of IPO, the entire market capitalization of this online meal ordering platform was Rs 90,219.57 crore. On the NSE, Zomato shares jumped about 53%, or Rs 40, to Rs 116 per share. So far, 42 lakh shares have moved hands on the BSE, while 19.41 crore units have swapped hands on the NSE. During the 14-16 July, the Rs 9,375-crore IPO was sold in a price range of Rs 74-76 per share.

The food-tech unicorn’s massive public offering was oversubscribed 38 times, with a strong reaction from all types of investors. Zomato is the first Indian online unicorn to list on the stock exchange. This much-awaited public issuance is the largest to hit Dalal Street since SBI Cards and Payment Services’ Rs 10,341-crore IPO in March 2020.

Take a look at the memes here: 

On Thursday, the firm finalised the allotment of shares from its public offering. The registrant of the offering, Link Intime India Private Limited, has a website where investors may monitor their share allocation status. 

“Trading Members of the Exchange are hereby informed that effective from Friday, July 23, 2021, the equity shares of Zomato Limited shall be listed and admitted to dealings on the Exchange in the list of ‘B ‘ Group of Securities,” informed BSE on July 22.