Resurfacing Zomato's July 2021 IPO: Day 1 Oversubscribed 1.05x, Retail Investors Led Demand
Resurfacing a July 2021 milestone: Zomato's public offering was fully subscribed on its opening day, July 14, 2021, crossing 1.05 times, with retail investors driving the bulk of the demand for the food delivery giant's landmark listing.
Zomato's IPO was oversubscribed 1.05 times on its first day, July 14, 2021, driven largely by strong demand from retail investors in the food delivery company's public offering.
Why this matters
Resurfacing Zomato's July 2021 IPO adds context as Zomato and Nykaa are flagged among retail-tech stocks to watch while India's retail market hits Rs 215 trillion.
Retail-company theme is accelerating, up 857100% QoQ.
Also reported by
- Inc42 · Quick Commerce — 1h after first sighting