Resurfacing a July 2021 move: Zomato IPO was subscribed 1.05x on Day 1, led by retail investors
Resurfacing from July 14, 2021: Zomato's initial public offering was subscribed 1.05 times on the first day of bidding, with retail investors driving early demand for the food-delivery platform's shares.
Zomato’s IPO was subscribed 1.05 times on the first day of bidding, with retail investors driving demand.
Why this matters
The July 2021 IPO result complements recent signals that Zomato food delivery remains Eternal's profit engine and that Zomato is on a retail-tech stock watchlist as India retail nears ₹215 trillion.
retail-company is accelerating, up 1,098,100% QoQ.