Resurfacing Zomato's July 2021 IPO Day 1: ₹9,375 Cr Issue Oversubscribed 1.05x, Retail Investors Led Charge
Revisiting July 2021 data: Retail investors subscribed 2.79x their quota in Zomato's ₹9,375 crore IPO (price band ₹72-76, valuing the company near $8B), but institutional demand lagged sharply—QIBs at just 0.02x and non-institutional at 0.36x—leaving day-one overall subscription at 1.05x.
Zomato's ₹9,375 crore IPO oversubscribed 1.05x on day one, led by retail investors subscribing 2.79x their quota; institutional demand remained weak.