Zomato IPO draws 1.05x subscription on Day 1, led by retail investors
Zomato’s initial public offering was subscribed 1.05 times on the first day of bidding, with retail investors driving early demand.
Zomato’s IPO was oversubscribed 1.05 times on its first day, with retail investors leading demand.
Why this matters
The Day 1 IPO demand signal revisits Zomato’s July 2021 listing, alongside later watchlist attention with Nykaa and reports that food delivery remains Eternal’s profit engine while Blinkit grows revenue.
Retail-company signals are accelerating, up 1,099,600% QoQ.