eCommerce
Zappfresh IPO Subscribed 94% On Day 5; Retail Interest Remains Weak
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SUMMARY
Qualified institutional buyers (QIBs) showed the strongest appetite for the company’s public offering, oversubscribing their quota 1.45X
Meanwhile, non-institutional investors (NIIs) also oversubscribed their quota 1.25X, bidding for 10.50 Lakh shares against the 8.39 Lakh shares earmarked for them
Retail investors bid for only 9.96 Lakh shares against the 19.54 Lakh shares reserved for them, leading to a 51% subscription
After extending its IPO on September 30, Zappfresh’s public offering is yet to sail through…
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