Resurfacing a July 2021 Move: Zomato IPO Was Oversubscribed 1.05x on Day 1, Retail Investors Led Demand
Resurfacing details from Zomato's July 14, 2021 IPO opening day: the INR 9,375 Cr ($1.3 Bn) offer drew 1.05x overall subscription, with retail investors bidding 1.03x their quota while non-institutional (0.34x) and employee (0.35x) portions lagged, ahead of its BSE/NSE listing.
Zomato's IPO oversubscribed 1.05x on day one, led by retail investors, as India's major food delivery startup seeks INR 9,375 Cr listing on BSE/NSE.