InvestorQ : How was the first day response to the Zomato IPO?
Sam Eswaran made post

How was the first day response to the Zomato IPO?

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Moii Chavate answered.
4 months ago
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Day 1 was quite robust for the Zomato IPO with a very strong response seen from the retail investors. Overall, the Zomato IPO attracted demand for 75.60 crore worth Rs.5,700 crore against the issue size of 71.92 crore shares. That would result in an effective oversubscription to the tune of 1.05X. The retail portion, which has just been given 10% allocation in the IPO, was subscribed 2.7 times at the end of Day 1.

However, one can expect most of the QIB and HNI bids typically come in on the last day only. The anchor demand shows the huge appetite for the Zomato stock among institutions. For example, against the anchor placement of Rs.4196 crore, bids were received by Zomato for more than shares worth Rs.100,000 crore, an effective 30X interest. The Zomato issue will close for subscription on Friday 16 July.

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