Resurfacing a July 2021 Move: Zomato IPO Was Oversubscribed 1.05x on Day 1, Retail Investors Drove Demand
Looking back at Zomato's July 2021 public listing, which saw 1.05 times subscription on the first day, with retail investor interest outpacing institutional bids, signaling strong consumer confidence in India's food-tech and quick-commerce space at the time.
Zomato's IPO was oversubscribed 1.05 times on Day 1, driven mainly by strong retail investor demand, per an Inc42 report.