Zomato IPO draws 1.05x subscription on Day 1, led by retail investors
Zomato’s initial public offering was subscribed 1.05 times on its first day of bidding, with retail investors driving participation, according to Inc42.
Zomato’s IPO was oversubscribed 1.05 times on the first day, with retail investors leading participation.
Why this matters
Zomato’s Day 1 IPO demand aligns with recent resurfaced signals on its July 2021 listing: the ₹9,375 crore issue reached 1.05x subscription, while retail demand hit 2.84x.
Retail-company signals are accelerating, up +932800% QoQ.