Resurfacing a July 2021 move: Zomato IPO drew 1.05x subscription on Day 1, led by retail investors
Resurfacing a July 2021 development — Zomato’s IPO was subscribed 1.05 times on its first bidding day, with retail investors driving early demand for the consumer-facing food-delivery platform.
Zomato’s IPO was subscribed 1.05 times on its first day of bidding, with retail investors driving demand. The 2021 listing event is relevant to India’s consumer-facing food-delivery and quick-commerce ecosystem.
Why this matters
The resurfaced IPO-demand signal follows another recent recall of Zomato’s 1.05x opening-day subscription and a signal on Zomato and Blinkit helping 100,000 delivery partners file ITRs.
Retail-company is accelerating, up 199600% QoQ.