Food delivery platform Zomato made its debut in the stock exchanges last week by listing at a premium of over 50 per cent. Following the listing, the stock price further jumped to around Rs 140, which was natural given the IPO of Zomato was oversubscribed 38 times despite concerns of over-valuation of the company. In this article, let’s try to unearth what oversubscription means and what happens when a public issue is oversubscribed.