Inditex, the Spanish retail group, is expected to attract overwhelming demand from retail investors despite the relatively low allocation of shares the latter are likely to get in the company's €2.4bn ($2.1bn) initial public offering (IPO).

The allocation to retail investors is 44.6% of the deal, which is seen as relatively low given the brand recognition of Zara and Mango, the women's fashion retailers which form a large part of Inditex's sales.