Resurfacing a July 2021 Move: Zomato IPO Was Oversubscribed 1.05x on Day 1, Retail Investors Led Demand
Looking back at India's first major internet unicorn IPO from July 14, 2021: its INR 9,375 Cr ($1.3 Bn) offering was subscribed 1.05x on opening day, with retail investors bidding 2.62x their quota versus 0.5x for NII and 0.39x for QIB investors, at a price band of INR 72-76.
Zomato's IPO oversubscribed 1.05x on day one, led by retail investors, as India's first major internet unicorn taps public markets.