Zomato, the food delivery service which made an impressive debut on the stock market on Friday, saw its shares gaining on the second day on Monday. Shares of Zomato were trading 2.5 per cent higher on the Bombay Stock Exchange (BSE) at ₹129 per share, Livemint reported. The company's shares opened at ₹116 and surged 65 per cent in its stock market debut on Friday, turning its founder, Deepinder Goyal, into a billionaire. "Despite the large size of IPO at ₹9,375 crore and rich valuations, the company saw a healthy overall subscription of 38 times. The IPO of Zomato was India's biggest initial share sale offer since March 2020.

Source: Hindustan Times July 26, 2021 05:48 UTC