Resurfacing a July 2021 Move: Zomato IPO Was Oversubscribed 1.05x on Day 1, Led by Retail Investors
Revisiting Zomato's July 2021 public offering, which was fully subscribed at 1.05 times on its first day of bidding, with retail investors having driven the bulk of demand for the food delivery major's IPO.
Zomato's IPO was oversubscribed 1.05 times on the first day of bidding, driven primarily by retail investor demand for the food delivery company's offering.
Why this matters
Zomato remains a retail-tech bellwether, recently flagged alongside Nykaa as a stock to watch as India's retail market nears Rs 215 trillion. Its 2021 IPO marked an early milestone in the sector's public-market ascent.
Retail-company signals are accelerating, up 873,200% QoQ.