Resurfacing Zomato's July 2021 IPO: ₹9,375 Cr Issue Was Oversubscribed 1.05x on Day 1, Retail Investors Drove 2.84x Demand
Looking back at Zomato's mega IPO from July 2021—India's largest internet listing at the time—which crossed full subscription on day one, with retail investors bidding 2.84x and NIIs at 72%, even as QIB demand lagged at 0.12x. The anchor book had drawn ₹4,196.51 Cr from Fidelity, BlackRock and Tiger Global ahead of its July 23, 2021 listing on BSE/NSE.
Zomato's ₹9,375 Cr IPO subscribed 1.05x on day one, led by retail investors at 2.84x; listing expected July 23 on BSE/NSE.