Resurfacing a July 2021 move: Zomato IPO subscribed 1.05x on Day 1, with retail investors leading demand
Resurfacing news from Zomato’s IPO, which crossed full subscription on its first day of bidding on July 14, 2021, reaching 1.05 times subscription. Retail investors were the primary demand driver.
Zomato’s IPO was oversubscribed 1.05 times on the first day of bidding, with retail investors driving demand.
Why this matters
The resurfaced IPO milestone complements recent signals on Zomato’s 12-year evolution from Foodiebay and its shift from food discovery to on-demand commerce.
Retail-company is accelerating, up 988400% QoQ.