Zomato IPO retail segment gets fully subscribed in over an hour
Shortpedia
Content Team
Image Credit: shortpedia
The initial public offering (IPO) of online food delivery platform Zomato opened on Wednesday at Rs 72-76 per share offer and was cheered by the retail investors. The retail segment of the offering was fully subscribed in just over an hour. So far, the IPO has been subscribed around 20 percent on the first day of bidding. It has allocated 55.2 crore equity shares, to anchor investors, at a price of Rs 76 per share.
