<p>Food delivery platform Zomato's Rs 9,375-crore initial public offering (IPO) was oversubscribed on its opening day on Wednesday creating a buzz on social media.</p>.<p>The IPO, the second-biggest since SBI Cards and Payment Services' Rs 10,341 crore issue in March 2020, aims to give Zomato a valuation of Rs 64,365 crore. </p>.<p>On Day 1, the food delivery platform's IPO was oversubscribed with retail investors bidding for 2.7 times the number of shares reserved for them.</p>.<p>But, Zomato’s IPO hasn’t just been a topic of discussion among the investors. On social media, various companies have taken the opportunity to laud their fellow competitor’s initiative.</p>.<p><strong>Let's take a look at how other brands are riding high on Zomato IPO:</strong></p>.<p>Zomato, who is known for its quirky social media posts, tweeted, "<em>mereko to aisa dhak dhak horela hai</em>," as soon as it announced its IPO.</p>.<p>Soon after, many companies and startups such as Dunzo, Groww, Paytm hitched a ride on the Zomato IPO wave to market their own brands.</p>.<p>The IPO offer, which is open till July 16, on its opening day it received bids for 75.60 crore equity shares against an IPO size of 71.92 crore.</p>
<p>Food delivery platform Zomato's Rs 9,375-crore initial public offering (IPO) was oversubscribed on its opening day on Wednesday creating a buzz on social media.</p>.<p>The IPO, the second-biggest since SBI Cards and Payment Services' Rs 10,341 crore issue in March 2020, aims to give Zomato a valuation of Rs 64,365 crore. </p>.<p>On Day 1, the food delivery platform's IPO was oversubscribed with retail investors bidding for 2.7 times the number of shares reserved for them.</p>.<p>But, Zomato’s IPO hasn’t just been a topic of discussion among the investors. On social media, various companies have taken the opportunity to laud their fellow competitor’s initiative.</p>.<p><strong>Let's take a look at how other brands are riding high on Zomato IPO:</strong></p>.<p>Zomato, who is known for its quirky social media posts, tweeted, "<em>mereko to aisa dhak dhak horela hai</em>," as soon as it announced its IPO.</p>.<p>Soon after, many companies and startups such as Dunzo, Groww, Paytm hitched a ride on the Zomato IPO wave to market their own brands.</p>.<p>The IPO offer, which is open till July 16, on its opening day it received bids for 75.60 crore equity shares against an IPO size of 71.92 crore.</p>