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Zomato's grey market premium surges to 25%, shares trade at ₹95
short by Hiral Goyal / on Monday, 19 July, 2021
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.