A 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 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.
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.