One of the leading food delivery applications in India, Zomato, scripted history on Friday after the startup listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Zomato exceeded all expectations as its shares were listed at Rs 115 apiece on BSE while opening, a 51.32 percent surge on the issue price fixed at Rs 76, while on NSE, the shares increased to nearly 53 percent to Rs 116 apiece on debut.
As Zomato celebrated its entry into the stock market, Twitter users could not resist marking the occasion with some hilarious memes and reactions.
#ZomatoListing proved there’s a scheme called “21 din me paisa double" and all newbies now telling fundamental Investors :rolling_on_the_floor_laughing::rolling_on_the_floor_laughing:#Zomato pic.twitter.com/Nmn8plGqNp— CS Jigar Shah (@FCSJigarShah) July 23, 2021
Everyone trying to understand Zomato’s 1 lakh crore market and how it has a higher market cap than Britannia:#ZomatoIPO #ZomatoListing pic.twitter.com/nzFH1UIiVq— Indian Street Bets (@indstreetbets) July 23, 2021
— The Finance Guy :flag-in: (@_TheFinanceGuy_) July 23, 2021
Zomato took to Twitter on Friday to mark its successful entry into the stock market with a humble painting-like artwork. The digital artwork depicted a person with a ‘Zomato’ t-shirt looking on with ‘Now listed: Zomato’ painted on the walls of the market.