Shares of Zomato were trading over 4% higher on the BSE at ₹131 per share during the first half of Monday's session. Zomato shares listed at ₹116 on the the National Stock Exchange (NSE) on Friday, a 53% premium over the IPO price of ₹76, and closed at ₹125.8 per share on its first day. ''We would recommend investors hold the stock at current levels. Goyal is worth $650 million based on his current 4.7% stake in Zomato, according to the Bloomberg Billionaires Index. Ahead of the listing, Zomato IPO shares allotment was finalised on Thursday and its stock market debut was preponed given it was initially expected to list on July 27.

Source: Mint July 26, 2021 05:25 UTC