Resurfacing a July 2021 Move: Zomato's ₹9,375 Cr IPO Oversubscribed 1.05x on Day 1, Retail Investors Lead Demand
Back in July 2021, Zomato's IPO drew 1.05x overall subscription on day one, with retail investors bidding 1.29x and employees 24%, while QIBs lagged at 0.02x. The ₹72–76 price band valued the food-delivery major at $8.6B ahead of its July 27 BSE/NSE listing.
Zomato's ₹9,375 crore IPO subscribed 1.05x on day one, led by retail investors, ahead of its July 27 listing on BSE/NSE.