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At Rs 98,849 cr, Zomato most-valuable listing day company after Coal India

On the first day, Zomato has broken into the club of top-50 listed companies in terms of market capitalisation in India

Photo: Bloomberg
premium

Photo: Bloomberg

Samie ModakSameer Mulgaonkar Mumbai
Ant Group-backed Zomato has emerged as the second-most valuable company after Coal India on listing day with a market cap of Rs 98,849 crore.

Coal India, which made its stock market debut in October 2010 after a record Rs 15,200-crore IPO, had a market cap of Rs 2.16 trillion following its trading debut which saw its shares soar 40 per cent.

Meanwhile, DLF and Reliance Power had market cap of Rs 96,246 crore and Rs 89,233 crore at the end of listing day trade.

The valuation at IPO price for Coal India, DLF and Reliance Power was much higher than