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.
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Paytm brings UPI Lite Wallet for low-value transactions
Paytm’s parent company One97 Communications (OCL) is emphasizing upon UP...
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
VERSA NETWORKS INDIA PVT. LTD.
FINOLEX INDUSTRIES LTD.
ZOHO CORPORATION PVT. LTD.
HP INDIA SALES PVT. LTD.
Technology Icons Of India 2023: Ajit Balakrishnan
The Company markets specific channels, community features, local langu...
Technology Icons Of India 2023: Lt Gen (Dr.) Rajesh Pant (Retd.)
LT Gen(Dr.) Rajesh Panth (Retd.), National cyber security coordination...
Technology Icons Of India 2023: Rajiv Memani
As Chair of the EY Global Emerging Markets Committee, Rajiv connects e...
STPI encouraging software exports from India
Software Technology Parks of India (STPI) is an S&T organization under...
C-DOT enabling India in indigenous design, development and production of telecom technologies
An autonomous telecom R&D centre of Government of India, Center of Dev...
BEL leveraging next generation technologies to keep the country ahead in Defence space
Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry ...
BEETEL TELETECH LTD.
: Beetel is one of the oldest and most reputed brands in the Industry,...
EXCLUSIVE NETWORKS SALES INDIA PVT. LTD.
Exclusive Networks is a globally trusted cybersecurity specialist hel...
R P TECH INDIA
R P Tech is recognized for its diverse products portfolio, value-add...