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Zomato tanks 14%, hits new low as lock-in for pre-IPO investors ends

Zomato IPO: 28% of applications through UPI route get rejected



Shares of Zomato hit a record low of Rs 46 as the stock of the food-delivery platform company tumbled 14 per cent on the BSE in Monday’s intra-day trade as the lock-in period of pre-IPO ended. The stock has dipped below its previous low of Rs 50.35 touched on May 11, 2022.


With today’s fall, Zomato now trades 39…


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