Resurfacing a July 2021 Move: Zomato's ₹9,375 Cr IPO Oversubscribed 1.05x on Day 1, Retail Investors Lead at 2.6x
Back in July 2021, Zomato's mega IPO drew 22.35 crore bids against 21.19 crore shares offered on opening day. Retail investors led demand at 2.6x, NIIs at 72%, employees at 12%, while institutional QIBs lagged at just 0.5% ahead of listing.
Zomato's ₹9,375 crore IPO was oversubscribed 1.05x on day one, led by retail investors at 2.6x, ahead of its market listing.