Zomato IPO oversubscribed 1.05× on opening day, led by retail investors
Zomato’s initial public offering drew subscriptions of 1.05 times on day one, with retail investors driving early demand for the food-delivery platform’s shares.
Zomato’s IPO was oversubscribed 1.05 times on its first day, with retail investors leading demand.
Why this matters
The result matches recent signals that Zomato’s IPO crossed full subscription on Day 1 and that retail demand led its July 2021 debut.
The retail-company theme is accelerating, up 164200% quarter over quarter.