Resurfacing a July 2021 move: Zomato IPO subscribed 1.05× on Day 1, led by retail investors
Resurfacing from July 14, 2021: Zomato’s initial public offering was subscribed 1.05 times on its first day of bidding, with retail investors accounting for the strongest demand.
Zomato’s IPO was subscribed 1.05 times on its first day, with retail investors driving demand.
Why this matters
The July 2021 IPO-demand data resurfaces alongside prior coverage of Zomato’s 1.05× Day 1 subscription and a retail-tech watchlist naming Zomato and Nykaa as India retail neared ₹215 trillion.
The retail-company theme is accelerating, up 1,106,100% QoQ.