Zomato IPO drew 1.05x subscription on Day 1, resurfacing a July 2021 milestone led by retail investors
Zomato's public offering was subscribed 1.05 times on the first day of bidding back in July 2021, with retail investors accounting for much of the early demand — a moment now resurfacing.
Zomato’s IPO was oversubscribed 1.05 times on the first day of bidding, with retail investors driving demand.
Why this matters
The signal echoes recent Zomato coverage of its July 2021 IPO reaching 1.05x subscription on opening day, with retail investors leading early demand.
Retail-company signals are accelerating, up 311750% QoQ.
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