Resurfacing a July 2021 Move: Zomato IPO Was Oversubscribed 1.05x on Day 1 as Retail Investors Led With 1.5x Bids
Back in July 2021, Zomato's Rs 9,375 Cr IPO drew 1.05x overall subscription on its opening day, powered by retail investors filling 1.5x their quota while institutional (NII) demand lagged at 0.28x. The offer—Rs 9,000 Cr fresh issue plus Rs 375 Cr OFS from Info Edge—priced shares at Rs 72-76, valuing the food-delivery major near $8 Bn ahead of its July 27, 2021 listing.
Zomato's Rs 9,375 Cr IPO was oversubscribed 1.05x on Day 1, led by retail investors subscribing 1.5x their quota; listing scheduled July 27, 2021.