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Zomato IPO on Paytm Money — Millennials make a big bet

Zomato IPO on Paytm Money

Paytm Money, a leading digital brokerage platform offering the Zomato IPO from July 14th to 16th, has uncovered some interesting demographic insights on Indian Capital Markets, based on a study of investors who successfully completed the Zomato IPO application on its platform. The Zomato IPO received a strong response from the investing community, and a Paytm Money spokesperson shared the following insights:

  • Attracted a lot of first-time investors to the markets: 22% of applicants for Zomato IPO on Paytm Money were new to the industry
  • High interest was seen from Zomato’s Core Audience: The avg. Zomato IPO applicant was 27 years old, 2 year-younger on avg. vs. applicants seen for other IPOs on Paytm Money
  • Higher Avg. Ticket Size: Avg. Investment in Zomato IPO was ~20% higher than avg. investment in previous IPOs on Paytm Money
  • Far and Wide: Reach First time participation seen from around 20 small towns; Some new towns include Huzur in Madhya Pradesh, Palamu in Jharkhand, Dibang Valley in Arunachal Pradesh
  • Highest representation of Women: Women contributed 12% of overall Zomato IPO applications on Paytm Money; Highest Female Representation seen in any IPO on Paytm Money

Also read: 10 Key Things Investors must know about the Zomato IPO

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I'm Ved Prakash, Founder & Editor @Newsblare Media, specialised in Business and Finance niches who writes content for reputed publication such as Investing.com, Stockhouse.com, Motley Fool Singapore, etc. I'm the contributor of different... news sites that have widened my views on the current happenings in the world.

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