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Zomato IPO subscribed 38 times as big investors grab sizeable chunk

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Zomato IPO subscribed 38 times as big investors grab sizeable chunk

Shares offered by food delivery company Zomato’s in its maiden offering sold like hot cakes. The 719-million share sale saw 38 times more bids at 27.5 billion. The IPO—first by an Indian unicorn—generated demand worth more than Rs 2 trillion—among the highest…

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