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 for the food-delivery platform’s shares.
Zomato’s IPO was oversubscribed 1.05 times on the first day of bidding, with retail investors driving demand.
Why this matters
The result revisits Zomato's July 2021 IPO opening, which also recorded 1.05x subscription led by retail investors, while Zomato remains among retail-tech stocks to watch in India's expanding retail market.
Retail-company signals are accelerating, up 205200% quarter over quarter.