India: IPOs amid pandemic times are delivering the best listing gains

Photo: Pixabay

The bumper stock market debut of Zomato Ltd capped a year of strong listings undeterred by the devastating pandemic that crimped economic activity and left many jobless.

Shares of Zomato, the first major new-age Indian technology firm, made a stellar market debut on Friday. This followed the more than 40 times subscription of the company’s 9,375 crore initial public offering.

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