MUMBAI: Zomato Ltd became one of the top 50 most valuable publicly traded firms in India after the company's shares debuted on the stock markets a with a 53% premium on Friday. The food delivery unicorn listed at ₹116 apiece on the stock exchanges compared to the issue price of Rs76. It had raised Rs4,196 crore from anchor investors, where marquee investors were allotted 552.17 million shares at Rs76 each. In FY21, Zomato recorded 32.1 million average monthly active users, of which 6.8 million MTUs (monthly transacting users) placed transactions. Zomato is listed at a revenue multiple of 27 times its FY21 revenues whereas global peers trade in the range of 3-19 times price to sales.

Source: Mint July 23, 2021 05:03 UTC