Zomato IPO is fully sold on day 1 in Rithe Rid

Mumbai: Retail investors attract shares of great food delivery of Zomato on the first day of the offer at RS 9,375 Crore IPO.
While the retail part of the offer of subscribing to 2.7 times, the institutional section almost subscribes to fully, networth high (non-institutional) part of 13% and the parts provided for employees of 18%, data on BSE shows.
Overall Total IPO subscribed 1.05 times.
The problem is offered at RS 72-76 per share price, will be closed on Friday.
On Tuesday, Zomato has offered 55.2 crore shares to a group of foreign and domestic investors around Rs 4,200 Crore.
Data relating to those who apply on the 1st day at Zomato IPO refer to the shift of investor profiles, paytm money, one of the intermediary houses driven by technology, said.
The data analyzed by broking house shows that more than one in five investors on the IPO is the first timer.
In addition to the top cities such as Delhi, Bengaluru, and Mumbai, the first participation can be seen from small cities such as Kodinar in Gujarat, Tuensiang in Nagaland and Rangapara in Assam.
It also shows that 60% of IPO investors on their platform are under 30 years and 27% below 25 years.
Previously, around 55% of IPO investors were under the age of 30 years.
This analysis also shows that the average investment in the IPO Zomato on Day 1 is 20% higher than the average investment in the previous IPO on the Paytm money platform.
Money Paytm is the first broking house that allows investors to apply at IPO zomato ahead of the opening of the offer.