Zomato IPO oversubscribed 1.05x on Day 1, retail investors lead the charge
Zomato's initial public offering was fully covered on the first day of bidding, oversubscribed 1.05 times per subscription data. Retail investors drove the early demand, signaling strong appetite for the foodtech listing.
Zomato's IPO was oversubscribed 1.05 times on the first day of bidding, led primarily by retail investors, per subscription data.
Why this matters
This marks a resurfacing of Zomato's July 2021 IPO milestone, when the foodtech listing was oversubscribed 1.05x on Day 1 led by retail investors, underscoring retail appetite for the debut.
Retail-company theme is accelerating, up +898200% QoQ.