Resurfacing a July 2021 Milestone: Zomato IPO Was Oversubscribed 1.05x on Day 1, Retail Investors Led Demand
Looking back at Zomato's INR 9,375 Cr IPO from July 14, 2021, priced at INR 72-76 per share, retail investor demand pushed overall subscription past 1x on the opening day, marking a landmark listing for India's startup ecosystem at the time.
Zomato's IPO was oversubscribed 1.05 times on Day 1, led by retail investors, as the food delivery major seeks to raise INR 9,375 Cr in a landmark Indian startup listing.