Zomato IPO Oversubscribed 1.05x On Day 1, Led By Retail Investors
Zomato's public issue was fully covered on the opening day of bidding, oversubscribed 1.05 times as of July 14, 2021, with retail investors driving early demand for the food delivery major's IPO.
Zomato's IPO was oversubscribed 1.05 times on day one of bidding, led primarily by retail investors driving strong opening-day demand for the food delivery company's public issue.
Why this matters
Zomato's IPO reaching full subscription on day one signals strong retail appetite for the food delivery major's public debut, with demand momentum building from the opening session.
Retail-company signals are accelerating, up 818700% QoQ.