Zomato IPO subscribed 1.05 times on opening day (resurfacing a July 2021 move)
Resurfacing a July 2021 move: Zomato's IPO, which opened on July 14, 2021, was subscribed 1.05 times on its first day of bidding, with retail investors driving demand.
Zomato’s IPO was subscribed 1.05 times on its first day of bidding, with retail investors driving demand. The offering opened on July 14, 2021.
Why this matters
The July 2021 IPO-demand signal complements recent coverage of Zomato and Nykaa amid India’s ₹215 trillion retail market, including a recent signal on Zomato’s 1.05x Day 1 subscription led by retail investors.
Retail-company signals are accelerating, up +941600% QoQ.