Zomato's grey market premium surges to 25%, shares trade at ₹95

The shares of food delivery startup Zomato were trading at ₹95 per share in the grey market on Monday, implying a premium of 25% over the IPO price of ₹72-76, The Financial Express reported. Its grey market premium has doubled since the last week when it was trading at a premium of just ₹8. Zomato's ₹9,375-crore was oversubscribed 38.25 times.