Zomato Shares Touch Record Low As Lock-in Period Ends for Investors

Shares of food delivery platform operator Zomato on July 25 tanked over 13 per cent to record lows after most of its shares came out of the mandatory one-year lock-in after the initial public offer.

It issued shares at Rs 76 in the IPO but it soon became a multibagger, scaling a lifetime high of Rs 169 on the BSE. Today, the stock traded at Rs 46.80, down 12.77 percent as of 9.30am on the BSE.