Resurfacing a July 2021 milestone: Zomato IPO crossed full subscription on Day 1, led by retail demand
Revisiting news from July 14, 2021: Zomato's IPO was oversubscribed 1.05 times on its first day of bidding after opening that day, with retail investors driving early demand for the food-delivery platform's public offering.
Zomato’s IPO was oversubscribed 1.05 times on its first day of bidding, with retail investors leading demand. The food-delivery company’s public offering opened on July 14, 2021.
Why this matters
The milestone aligns with recent resurfacing signals that Zomato's IPO reached 1.05× subscription on Day 1 and that retail investors led early demand.
retail-company is accelerating, up 163711% QoQ.