Resurfacing a July 2021 Move: Zomato IPO Was Oversubscribed 1.05x on Day 1, Retail Investors Led the Charge
Back on July 14, 2021, Zomato's ₹9,375 Cr IPO saw retail category subscribed 2.62x on opening day, while institutional (QIB) demand lagged sharply at just 0.12x, signaling strong public appetite but cautious big-money interest at the ₹72-76 price band.
Zomato's IPO oversubscribed 1.05x on Day 1, driven by retail investors (2.62x), while QIB demand remained weak at 0.12x subscription.