Zomato IPO resurfacing: Day 1 drew 1.05x subscription in July 2021, led by retail demand
Zomato's initial public offering was subscribed 1.05 times on the first day of bidding back in July 2021, with retail investors driving early demand.
Zomato’s IPO was oversubscribed 1.05 times on the first day of bidding, driven by retail investor demand.
Why this matters
Recent Zomato signals repeatedly revisit its July 2021 IPO opening, when Day 1 subscription reached 1.05x and retail investors led demand.
The retail-company theme is accelerating, up +183175% QoQ.