Zomato IPO Day 1 subscription of 1.05x, led by retail investors, resurfaces from July 2021
Resurfacing a July 2021 update: Zomato's initial public offering was subscribed 1.05 times on the first day of bidding, with retail investors driving early demand for the food-delivery platform's public-market debut.
Zomato’s IPO was oversubscribed 1.05 times on its first day, with retail investors driving demand.
Why this matters
The signal matches recent Zomato updates reporting 1.05x IPO subscription on opening day and retail investors leading early demand for the public-market debut.
retail-company is accelerating, up 392700% QoQ.