Why I skipped the Zomato IPO(It's not because I don't have the money(That's TrueðŸ˜ðŸ˜), but, there are many other factors).
As of writing this one, Zomato IPO Update as of 5:00 PM on Day 3 - final day Qualified Institutional Buyers (QIBs) subscribed 51.79 times Non Institutional Investors subscribed 32.96 times Retail Individual Investors (RIIs) subscribed 7.45 times Employee Reserved subscribed 0.62 times Total subscribed 38.25 times Source: BSE What got me curious is that the employees had not subscribed as expected. Why wouldn't you subscribe to your own companies IPO, Wouldn't you want to be the owner of the company that you are an employee? Hmmm are the employees stupid? They probably know something else. Wait am I stupid for writing this after the IPO ended( I Probably am. I should deal with my self-consciousness. Well let me dwell upon that on my own time.)? For any rational basic investor; Lets see the basic data. Just looking on the above would have wanted me to try for this IPO. (My worthless MBA Finance grad alter ego kicks in. He would probably write next...