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Zomato, Paytm, Mobikwik IPOs: Don t let the FOMO creep in!
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India Witnesses Bumper IPOs, Surging Stock Markets Amid Crippling Pandemic
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What the big reception to Zomato s IPO reveals - India Today Insight News
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Retail investors portion was subscribed 7.87 times, while the figure was 54.71 times for qualified institutional buyers (QIB). The amount reserved for non-institutional investors or high net-worth individuals (HNIs) was subscribed 34.80 times. The employee quota was undersubscribed, with demand at 68% of the shares set aside for them.
The IPO received more than 3.23 million applications, the second-highest after the Reliance Power offer, which got 4.78 million applications. Earlier this year, the Rs 1,176-crore Indigo Paints IPO, which was subscribed 117 times, got 3.02 million applications.
Success Attributed to Brand
Bankers attributed the success of the Zomato IPO, the first by a startup unicorn in India, to its brand and business, which are simple to understand. Investors have recognised how disruptive these new-age technology companies are in terms of business scalability, and they believe many of them will end up as category leaders as the current population is more digit
Synopsis
Paytm parent One97 Communications has filed a draft red-herring prospectus (DRHP) with Sebi to raise Rs 16,600 crore ($2.2 billion) in what will be the biggest Indian initial public offering (IPO) in at least a decade.
Founded by Vijay Shekhar Sharma, Paytm is currently the second most valued Indian startup at $16 billion.
Mumbai | Bengaluru:Paytm has filed a draft prospectus with the capital markets regulator to raise Rs 16,600 crore ($2.2 billion) in what will be the biggest Indian initial public offering (IPO) in at least a decade.
The Paytm IPO will comprise equally of a fresh issue worth Rs 8,300 crore ($1.1 billion) as well as a secondary issue or an offer for sale of the same size, the Noida-based fintech firm has told the Securities and Exchange Board of India (Sebi).