Zomato share price fell over 6 percent amid volatile trade seen in the equity market.
The stock listed at a premium of more than 50 percent over its issue/offer price of Rs 76 a share.
Zomato’s Rs 9,375-crore initial public offering on July 14-16 was subscribed 38.25 times, the most in the past 13 years for IPOs valued at more than Rs 5,000 crore.
At 10:32 hrs Zomato was quoting at Rs 130.40, down Rs 8.85, or 6.36 percent on the BSE.
News Source:- Moneycontrol