Resurfacing a July 2021 move: Zomato IPO drew 1.05x subscription on opening day, led by retail investors
Revisiting Zomato’s IPO, which was subscribed 1.05 times on July 14, 2021, its first day of bidding, with retail investors driving early demand for the food-delivery platform’s public-market debut.
Zomato’s IPO was subscribed 1.05 times on its opening day, July 14, 2021, with retail investors driving demand.
Why this matters
The opening-day IPO demand adds historical context to Zomato’s appearance with Nykaa in a retail-tech stock watchlist tied to India’s Rs 215 trillion market and its 12-year evolution from Foodiebay.
retail-company is accelerating, up 1,028,000% QoQ.
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