Zomato IPO subscribed 1.05x on opening day, 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 for the food-delivery platform’s public-market debut.
Zomato’s IPO was subscribed 1.05 times on the first day, with retail investors leading demand.
Why this matters
The opening-day result matches a resurfacing signal on Zomato’s July 2021 IPO oversubscription and follows coverage linking Zomato and Nykaa to India’s ₹215 trillion retail market.
retail-company is accelerating, up 1,112,300% QoQ.