Zomato IPO subscription of 1.05x on Day 1 back in July 2021, led by retail investors
Resurfacing a July 2021 milestone: Zomato's initial public offering was subscribed 1.05 times on the first day of bidding, with retail investors emerging as the main demand driver.
Zomato’s IPO was subscribed 1.05 times on the first day of bidding, with retail investors driving demand.
Why this matters
Zomato’s recent signals trace its 12-year evolution from Foodiebay and its role in India’s digital food ordering; the July 2021 IPO marks an earlier retail-demand milestone.
retail-company is accelerating, up 972700% QoQ.