Resurfacing a July 2021 Move: Zomato IPO Was Oversubscribed 1.05x on Day 1, Led by Retail Investors
Back in July 2021, Zomato's public offering was subscribed 1.05 times on the opening day of bidding, driven largely by retail investors. The food-delivery major's listing marked a milestone for Indian consumer-tech IPOs.
Zomato's IPO was oversubscribed 1.05 times on the first day of bidding, led by retail investors, per subscription data. The food-delivery major's public offering marks a significant milestone for Indian consumer-tech listings.
Why this matters
This resurfaces Zomato's July 2021 IPO debut, when the food-delivery major saw 1.05x day-one subscription led by retail investors, echoing repeated signals on the offering's retail-driven demand.
Retail-company theme is accelerating, up 838300% QoQ.