Zomato share price falls 4% after Swiggy files IPO DRHP with Sebi

Zomato share price: Zomato’s share price drew attention on Friday, September 27 as rival Swiggy submitted its Initial Public Offering (IPO) Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (Sebi) late on September 26.

The move had investors buzzing about the competitive landscape in the food delivery market as Zomato’s scrip slipped up to 3.64 per cent to an intraday low of Rs 273.50 per share.