<p>In the first stock market listing of an Indian startup valued at more than $1 billion (Rs 7,452 crore), shares of food delivery firm Zomato Ltd opened at a 52.6% premium to their offer price on Friday, gaining a market valuation of about $12 billion.</p>.<p>Shares opened at Rs 116 in pre-open trade compared to the initial public offering (IPO) price of Rs 76.</p>.<p>The company is offering 123 crore shares for sale at the higher end of its price band, with the size of the IPO coming up to Rs 9,375 crore.</p>.<p><strong>Also read: <a href="http://www.deccanherald.com/business/what-zomato-ceo-said-about-giants-swiggy-amazon-paytm-ahead-of-share-listing-1011833.html" target="_blank">What Zomato CEO said about 'giants' Swiggy, Amazon, Paytm ahead of share listing</a></strong></p>.<p>The listing, which was advanced by four days, comes as India's stock market is near all-time highs, with strong interest for digital companies backed by foreign funds.</p>.<p>The home-grown food aggregator, launched in 2008, operates in about 525 cities in India and has partnered with close to 3,90,000 restaurants.</p>.<p>The company's offering last week drew bids worth $46.3 billion as it was more than 38 times oversubscribed, with big institutional investors also placing major bets.</p>
<p>In the first stock market listing of an Indian startup valued at more than $1 billion (Rs 7,452 crore), shares of food delivery firm Zomato Ltd opened at a 52.6% premium to their offer price on Friday, gaining a market valuation of about $12 billion.</p>.<p>Shares opened at Rs 116 in pre-open trade compared to the initial public offering (IPO) price of Rs 76.</p>.<p>The company is offering 123 crore shares for sale at the higher end of its price band, with the size of the IPO coming up to Rs 9,375 crore.</p>.<p><strong>Also read: <a href="http://www.deccanherald.com/business/what-zomato-ceo-said-about-giants-swiggy-amazon-paytm-ahead-of-share-listing-1011833.html" target="_blank">What Zomato CEO said about 'giants' Swiggy, Amazon, Paytm ahead of share listing</a></strong></p>.<p>The listing, which was advanced by four days, comes as India's stock market is near all-time highs, with strong interest for digital companies backed by foreign funds.</p>.<p>The home-grown food aggregator, launched in 2008, operates in about 525 cities in India and has partnered with close to 3,90,000 restaurants.</p>.<p>The company's offering last week drew bids worth $46.3 billion as it was more than 38 times oversubscribed, with big institutional investors also placing major bets.</p>