<p>Zomato's initial public offering was oversubscribed 1.3 times on the second day of the offering with retail investors continuing to bid for shares of the food delivery platform.</p>.<p><a href="https://www.deccanherald.com/business/business-news/zomato-ipo-oversubscribed-on-day-1-1008624.html" target="_blank">The offer received bids for 95.44 crore equity shares</a> against an IPO size of 71.92 crore, stock exchange data showed.</p>.<p>Retail investors sought 3.96 times the portion reserved for them. Against 12.95 crore shares reserved for retail individual investors, 51.36 crore shares were bid by 1400 hours.</p>.<p>Non-institutional investors put in bids for 26 per cent against their reserved portion while qualified institutional buyers (QIBs) fully took their quota of 38.8 crore shares.</p>.<p>The portion set aside for employees has been subscribed 22 per cent.</p>.<p>The IPO, the biggest in India this year, is open for subscription till Friday in a price band of Rs 72-76 per share.</p>.<p>Zomato has already mobilised Rs 4,196.51 crore from 186 anchor investors on July 13, a day before the issue opened. The IPO size has been reduced to Rs 5,178.49 crore from Rs 9,375 crore earlier.</p>.<p><strong>Check out DH's latest videos:</strong></p>
<p>Zomato's initial public offering was oversubscribed 1.3 times on the second day of the offering with retail investors continuing to bid for shares of the food delivery platform.</p>.<p><a href="https://www.deccanherald.com/business/business-news/zomato-ipo-oversubscribed-on-day-1-1008624.html" target="_blank">The offer received bids for 95.44 crore equity shares</a> against an IPO size of 71.92 crore, stock exchange data showed.</p>.<p>Retail investors sought 3.96 times the portion reserved for them. Against 12.95 crore shares reserved for retail individual investors, 51.36 crore shares were bid by 1400 hours.</p>.<p>Non-institutional investors put in bids for 26 per cent against their reserved portion while qualified institutional buyers (QIBs) fully took their quota of 38.8 crore shares.</p>.<p>The portion set aside for employees has been subscribed 22 per cent.</p>.<p>The IPO, the biggest in India this year, is open for subscription till Friday in a price band of Rs 72-76 per share.</p>.<p>Zomato has already mobilised Rs 4,196.51 crore from 186 anchor investors on July 13, a day before the issue opened. The IPO size has been reduced to Rs 5,178.49 crore from Rs 9,375 crore earlier.</p>.<p><strong>Check out DH's latest videos:</strong></p>