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Zomato listing tomorrow, after hot subscription will it deliver a bumper listing?

Jul 22, 2021 07:37 IST | By Editorji News Desk

Food tech giant Zomato is set to list tomorrow as per the market buzz. The listing was originally slated for July 27. The grey market premium is suggesting a bump up of 30% at open. 

Zomato’s initial public offering (IPO) was subscribed 40.38 times, generating demand of Rs 2.13 lakh crore, the third highest ever noted in Indian markets. Zomato shares were offered in a price band of Rs 72-76/share.

Meanwhile rival Swiggy managed to steal the spotlight and raise $1.25 billion dollars from investors such as Softbank and Goldman Sachs ahead of Zomato's listing.

Also Watch: Zomato IPO: Irresistible for some, unappetizing for others 

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