Zomato shares zoom 66% on listing day, settle at 126 apiece at closing bell

Stock now most expensive consumer and food company in India

Zomato, the country’s first internet unicorn to tap the capital markets, ended with a 66 per cent gain on its stock market debut on Friday amid a buying frenzy. The stock rose as much as 83 per cent to Rs 139 before giving up some gains to settle at Rs 126 – 66 per cent, or Rs 50, higher than the issue price of Rs 76 per share.

The company's market valuation went past the Rs 1-trillion mark during the day. At the closing price, the online food delivery company was valued at Rs 98,732 crore ($13.3 billion), making it 48th