Resurfacing a July 2021 Move: Zomato IPO Oversubscribed 1.05x on Day 1, Retail Investors Led Demand
Resurfacing coverage from July 14, 2021: Zomato's public offer crossed full subscription on its first day, with retail investor bids outpacing institutional and HNI demand, signaling strong street confidence in India's food-delivery and quick-commerce bellwether ahead of listing.
Zomato's IPO was oversubscribed 1.05 times on Day 1, with retail investors driving most of the demand, signaling strong market interest in India's food-delivery/quick-commerce leader.