Zomato IPO draws 1.05x subscription on Day 1, led by retail investors
Zomato’s IPO was subscribed 1.05 times on the first day of bidding, with retail investors driving early demand.
Zomato’s IPO was subscribed 1.05 times on its first day, with retail investors driving demand.
Why this matters
The result matches recently resurfaced signals on Zomato’s July 2021 IPO, each citing 1.05x Day 1 subscription and retail-led demand.
The retail-company theme is accelerating, up 1,081,200% QoQ.