Resurfacing a July 2021 Move: Zomato's ₹9,375 Cr IPO Was Oversubscribed 1.05x on Day 1, Retail Bids Led at 1.20x
Revisiting Zomato's landmark India startup IPO from July 2021, which drew 1.05x overall subscription on its opening day, with retail investors bidding 1.20x and NIIs at 68%, while QIBs lagged at 0.68x. The ₹72-76 price band valued the food-delivery major near $8 Bn, backed by a ₹4,196 Cr anchor round ahead of the July 14-16, 2021 bidding window.
Zomato's ₹9,375 Cr IPO oversubscribed 1.05x on day one, led by retail investors (1.20x), ahead of its landmark Indian startup public listing.