Zomato IPO sees 1.05x subscription on Day 1, led by retail investors
Zomato’s initial public offering was subscribed 1.05 times on the first day of bidding, with retail investors driving early demand.
Zomato’s IPO was subscribed 1.05 times on its first day, with retail investors leading demand.
Why this matters
The result matches recent signals resurfacing Zomato’s July 2021 IPO opening, which also reported 1.05x day-one subscription led by retail demand.
Retail-company signals are accelerating, up 223400% QoQ.