Zomato IPO received a strong response from the investing community
By MYBRANDBOOK
Paytm Money, offering the Zomato IPO from July 14th to 16th, has uncovered some interesting demographic insights on Indian Capital Markets, based on a study of investors who successfully completed the Zomato IPO application on its platform on day 1.
Zomato IPO received a strong response from the investing community, with the retail position subscribed by over 200% within the first couple of hours of opening. A Paytm Money spokesperson suggested that a large proportion of the Zomato IPO applicants could be young or new to capital markets investors.
More than 22% of Day-1 applicants for Zomato IPO on Paytm Money were new to industry investors. 27% of Day-1 Zomato IPO Applicants on Paytm Money were under the age of 25 and 60% were under the age of 30; Historcially 55% of IPO applicants on the platform have been under the age of 30. On avg., a Zomato IPO applicant was a year younger than IPO applicants for previous IPOs on Paytm Money.
The average ticket size of IPO applications for Zomato on Day-1 was 20% higher than the avg. ticket size for other IPOs on Paytm Money. 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.
More interestingly, the data also indicates a more diverse pool of IPO applicants. Other than top cities like Delhi, Bengaluru, and Mumbai, Paytm Money saw first time participation from smaller towns like Kodinar in Gujarat, Tuensang in Nagaland, and Rangapara in Assam. Women contributed 10% of overall applications on Day-1 with a marginally higher ticket size vs. male counterparts.
Zomato was the first IPO on Paytm Money to go live with the “Pre-open IPO Application” feature, which allows users to place an IPO order 24x7, a couple of days before the IPO goes live. In a bid to offer the most comprehensive IPO application experience to its users, Paytm Money has also launched a set of other advanced features recently, including one-click IPO applications, IPO application via shareholder category, and tracking of live IPO subscription numbers.
BREAKING NEWS
TECHNO TRENDS
Nazara and ONDC set to transform in-game monetization with ‘
Nazara Technologies has teamed up with the Open Network for Digital Comme...
Jio Platforms and NICSI to offer cloud services to government
In a collaborative initiative, the National Informatics Centre Services In...
BSNL awards ₹5,000 Cr Project to RVNL-Led Consortium
A syndicate led by Rail Vikas Nigam Limited (abbreviated as RVNL), along wi...
Pinterest tracks users without consent, alleges complaint
A recent complaint alleges that Pinterest, the popular image-sharing platf...
E-Magazine
TECHNOTAINMENT
Netflix adds 'Moments' feature for saving, sharing scenes from
Netflix has introduced a new “Moments” feature on its mobile app, whic
Jacqueline Fernandez come together with YouTuber Mr. Beast for
Jacqueline Fernandez has partnered with American YouTuber Mr. Beast to b
MOVERS & SHAKERS
Visa elevates Rishi Chhabra as new Country Manager for India
Rishi holds a Master’s in Industrial Engineering from The Ohio State Univ
Genesys welcomes Albert Nel as Senior VP and Regional Sales Le
Genesys continues to deepen its investment in the APAC region. Earlier this
OPEN YOUR EYES
INTERVIEWS
Alcatel-Lucent Enterprise Carrying a 100 year legacy ahead
A good amount of R&D works and global support services are operated out of
AMD Pensando driving innovation in the DPU architecture space
AMD Pensando stands out in the DPU (Data Processing Unit) market with its u
HOT PICK
SonicWall Launches TZ80: A Powerful Solution for Remote Office
SonicWall announced today the launch of the TZ80, a groundbreaking securit
Gigabyte X3D Turbo: A Gaming Revolution
GIGABYTE X3D Turbo Mode is a cutting-edge feature that unifies cores distr
MAKE IN INDIA BRANDS
TVS ELECTRONICS LTD.
FIRE BOLTT
POLYCAB INDIA PVT. LTD
NUMERIC INDIA, A Group Brand Legrand
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India : Daisy Chittilapilly
Daisy Chittilapilly is the President of Cisco’s India and SAARC regi...
Icons Of India : Kumar Mangalam Birla
Aditya Birla Group chairman Kumar Mangalam Birla recently made a comeb...
Icons Of India : AALOK KUMAR
Aalok Kumar is celebrated as a global leader and recipient of the Peop...
PARTNER SPEAKERS
PSU
C-DOT - Center of Development of Telematics
India’s premier research and development center focused on telecommu...
LIC - Life Insurance Corporation of India
LIC is the largest state-owned life insurance company in India...
CERT-IN - Indian Computer Emergency Response Team
CERT-In is a national nodal agency for responding to computer security...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - ARVIND KRISHNA, CEO – IBM
Arvind Krishna, an Indian-American business executive, serves as the C...
Indian Tech Talent Excelling The Tech World - Sanjay Mehrotra, CEO- Micron Technology
Sanjay Mehrotra, the President and CEO of Micron Technology, is at the...
Indian Tech Talent Excelling The Tech World - NEAL MOHAN, CEO - Youtube
Neal Mohan, the CEO of YouTube, has a bold vision for the platform’s...
STARNITE AWARDS 2024
ITFORUM 2024
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
