Paytm Money trends on Day One of Zomato IPO as new investors flock

Zomato IPO sees retail portion subscribed by over 200% within the first two hours of opening

Digital brokerage Paytm Money, which is offering the Zomato IPO from July 14 to 16, saw the retail portion of the Indian unicorn subscribed by over 200 per cent within the first two hours of opening.

A Paytm Money spokesperson suggested that a large proportion of the Zomato IPO applicants could be young investors or those new to the capital markets.

This and other insights were part of a study of investors who successfully completed the Zomato IPO application on its platform on the first day.

More than 22 per cent of the applicants on the first day of