Zomato IPO receives good response from retail investors. Check details

Zomato IPO has received a good response from retail investors after it opened from subscription earlier in the day. Here is all you need to know.

Online food delivery giant Zomato’s Rs 9,375 crore initial public offering (IPO), which opened for subscription on Wednesday, received a strong response from retail investors. The issue crossed the halfway mark by 3 pm on the first day of bidding, reported The Economic Times. Quoting data from the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), the report said that the Zomato IPO quota was subscribed 2.34 times by retail investors.