HomeMONEYPaytm Money Trends On Day One Of Zomato IPO As Tragic New...

Paytm Money Trends On Day One Of Zomato IPO As Tragic New Investors Flock

Digital brokerage Paytm Money, which is offering the Zomato IPO from July 14 to 16, saw the retail portion of the Indian unicorn subscribed by over 200 per cent within the first two hours of opening.

Paytm Money spokesperson suggested that a large proportion of the Zomato IPO applicants could be young investors or those new to the capital markets.

This and other insights were part of a study of investors who successfully completed the Zomato IPO application on its platform on the first day.

Paytm Money Trends On Day One Of Zomato IPO As New Investors Flock
Money Trends On Day One Of Zomato IPO As New Investors Flock

Paytm Avarage Ticket Size

The average ticket size of IPO applications for Zomato on Day 1 was 20 per cent higher than the average ticket size for other IPO. This could be explained by the overall popularity of the Zomato IPO, or could also indicate a marginal surge in risk appetite of retail investors, Paytm Money said.

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Money Trends On Day One Of Zomato IPO As Tragic New Investors Flock

The data also indicated a more diverse pool of IPO applicants. Other than top cities like Delhi, Bengaluru, and Mumbai, IT Money saw first time participation from smaller towns like Kodinar in Gujarat, Tuensang in Nagaland, and Rangapara in Assam.

Paytm Money Trends On Day One Of Zomato IPO As New Investors Flock

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