Resurfacing a July 2021 Move: Zomato IPO Was Oversubscribed 1.05x On Day 1, Led By Retail Investors
Resurfacing details from July 2021, Zomato's public issue crossed full subscription on the first day of bidding, oversubscribed 1.05 times on the back of strong retail investor demand that surpassed total shares on offer within opening hours.
Zomato's IPO was oversubscribed 1.05 times on day one of bidding, driven mainly by strong demand from retail investors, surpassing total shares on offer within the first day.
Why this matters
This resurfaces Zomato's July 2021 IPO, which crossed full subscription on day one at 1.05x, powered by retail investor demand that outpaced shares on offer within opening hours of bidding.
Retail-company signals accelerating at +852700% QoQ.