Zomato IPO sees 1.05x subscription on Day 1, led by retail investors
Zomato’s initial public offering was subscribed 1.05 times on its first day of bidding, with retail investors accounting for the strongest demand.
Zomato’s IPO was subscribed 1.05 times on its first day, with retail investors leading demand.
Why this matters
The signal resurfaces Zomato’s July 2021 IPO opening, matching recent signals that reported 1.05x Day 1 subscription and retail-led demand.
Retail-company signals are accelerating, up 404100% quarter over quarter.