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Zomato IPO Surges 20% on Debut Amid Bullish Market Sentiment

Summary

Zomato’s initial public offering (IPO) debuted on the Bombay Stock Exchange today with shares surging 20% above the issue price of ₹76. The food delivery giant raised ₹9,375 crore,

Zomato’s initial public offering (IPO) debuted on the Bombay Stock Exchange today with shares surging 20% above the issue price of ₹76. The food delivery giant raised ₹9,375 crore, marking one of the largest tech IPOs in India in recent years. Market analysts attribute the strong performance to robust revenue growth and expanding digital food services demand. The broader market also showed positive momentum, with the Sensex rising 1.3% amid optimism over corporate earnings and foreign inflows. Investors remain watchful of upcoming quarterly results to sustain the rally, Bloomberg reported.
3h ago
Zomato IPO Surges 20% on Debut Amid Bullish Market Sentiment

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