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Zomato (now Eternal) on National Stock Exchange of India and BSE: the deal on record

The Indian food delivery company Zomato listed on the National Stock Exchange of India and BSE on 23 July 2021 after an initial public offering of Rs 9,375 crore at Rs 76 per share, according to Business Standard and Business Today. The shares opened at Rs 116 on the NSE and Rs 115 on BSE, and its market value crossed Rs 1 trillion during the first day, according to Business Standard. In March 2025 the listed company changed its name to Eternal Limited, while the Zomato app and brand continued.1,3,2

Value as reportedRs 9,375 crore (fresh issue of up to Rs 9,000 crore plus Rs 375 crore offer for sale), at Rs 76 per share1,3
Announced14 July 2021
Completed23 July 2021
SectorFood delivery

Timeline

  1. The IPO opens for subscription at a price band of Rs 72 to 76 per share. It closes on 16 July 2021, subscribed 38.25 times on the final day, according to Business Today.3,1
  2. Zomato shares list on the NSE at Rs 116 and on BSE at Rs 115, against an issue price of Rs 76.1,3
  3. The company name changes to Eternal Limited with effect from this date, after approval by India's Ministry of Corporate Affairs, according to Inc42. The ticker was to change from ZOMATO to ETERNAL.2

Status now

Listed in India as Eternal Limited, parent of the Zomato brand.2

Sources

  1. Business Standard, Zomato ends 66% higher against issue price, m-cap crosses Rs 1-trn mark (23 July 2021)
  2. Inc42, Zomato Is Now Officially Eternal As MCA Confirms Name Change (21 March 2025)
  3. Business Today, Zomato share makes strong market debut, lists at 52% premium to issue price (23 July 2021)