Zomato’s IPO Got Listed On BSE And NSE On Friday

Zomato’s IPO got listed on BSE and NSE on Friday. Shares soar with Zomato’s listing, market cap crosses Rs 1 lakh crore.

Zomato’s IPO got listed on BSE and NSE on Friday. The listing on the NSE took place at a premium of over 52 percent.

Here the share got listed at Rs 116. Whereas the BSE got a premium of 51 percent and the stock was listed at Rs 115. Let us know that the issue price for Zomato’s IPO was Rs 72 to 76.

Great response to IPO.

Zomato’s IPO also got a good response like other offers. The allotment of its shares was also completed on Thursday. The company’s IPO of Rs 9400 crore got 38 times more applications.

When the IOP was open, retail investors applied 7.45 times more than what they had reserved.

1 lakh crore market cap.

The market cap of the company crossed Rs 1 lakh crore on the stock exchange. It is the first unicorn company in the country to be listed on the stock market.

Within minutes of listing, the price of a share rose to Rs 138.

QIB applied 54 times.

Non-institutional investors applied for 35 times their reserves, while Qualified Institutional Buyers (QIBs) applied for themselves 54 times.

Link Intime India Private Ltd was the registrar for Zomato’s IPO. Investors can also check allotment status on its website.

IPO share allotment.

Investors who have been allotted shares in these IPOs can check in the DEMAT account.

The company, however, had received only 62 percent of the applications for the 6.5 million shares set aside as employees’ shares.

The IPO was open for applications from Wednesday and closed on Friday. According to this IPO, Zomato will be valued at Rs 64,365 crore company.

Amazon hid facts in deal with Future Group: Competition Commission of India.

The Competition Commission of India (CCI) has accused American online retailing giant Amazon Inc of concealing facts in its 2019 deal with Future Group.

The CCI says that Amazon had presented false facts in a document seeking permission to invest in a unit of Future Group. The Commission has written a letter in this regard to Amazon Inc. on June 4 this year.

In this four-page letter in the form of show-cause notice, the CCI has also asked Amazon why action should not be taken against the company for giving false information and it should be punished.

However, according to the source, Amazon has not yet responded to this notice.

Amazon acknowledged in a statement to Reuters that it had received a letter and that the company was committed to fully complying with Indian laws.

According to the company, it will be fully successful in resolving the doubts of the CCI.

By the way, this letter has paved the way for Amazon Inc., which is in the middle of last year’s deal in Future Group and Reliance Industries.