Zomato IPO drew 1.05× subscription on Day 1, led by retail investors (resurfacing a July 2021 move)
Resurfacing from July 2021: Zomato's initial public offering was subscribed 1.05 times on the first day of bidding, with retail investors driving 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 resurfaced IPO-demand signal adds historical context to recent Zomato updates on an LPG-driven decline in active restaurants and its inclusion among retail-tech stocks to watch.
The retail-company theme is accelerating, up 566100% QoQ.