Resurfacing a July 2021 milestone: Zomato IPO drew 1.05x subscription on Day 1, led by retail investors
Zomato’s initial public offering was subscribed 1.05 times on the first day of bidding back in July 2021, with retail investors driving early demand for the food-delivery platform’s shares.
Zomato’s IPO was subscribed 1.05 times on its first day, with retail investors driving demand.
Why this matters
The resurfaced IPO milestone follows recent Zomato signals revisiting its 1.05x opening-day subscription and placing Zomato alongside Nykaa as India’s retail market is pegged at ₹215 trillion.
The retail-company theme is accelerating, up 942000% QoQ.
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