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Zomato IPO fully subscribed in the first day of bidding

Zomato IPO fully subscribed in the first day of bidding The much-awaited initial public offering (IPO) of online food delivery platform Zomato witnessed a healthy response from retail investors and was fully subscribed. Data available on BSE showed that the issue got subscribed 1.05 times at the end of the first day of the IPO. The issue period continues till July 16. By the end of the IPO market on Wednsday, the shares earmarked for the qualified institutional buyers (QIBs) were subscribed 0.98 times, while those of non-institutional investors was subscribed nearly 0.13 times and that of the retail individual investors (RIIs) was subscribed 2.69 times.

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