Resurfacing Zomato's July 2021 ₹9,375 Cr IPO: Day 1 Oversubscribed 1.05x, Retail Investors Led Demand
Recalling the July 2021 IPO where retail portion booked 2.83x while NII (0.30x), employee (0.06x) and QIB (0.02x) segments lagged ahead of institutional bidding, price band ₹72-76, implying $8.6 Bn valuation with ₹375 Cr OFS from Info Edge.
What happened
Zomato's ₹9,375 Cr IPO oversubscribed 1.05x on day one, led by retail investors; institutional demand still pending ahead of July 16 close and July 27 listing.
Key facts
- ₹9,375 Cr IPO
- oversubscribed 1.05x
- retail portion 2.83x
- NII portion 0.30x
- employee portion 0.06x
- QIB 0.02x
- price band ₹72-76
- $8.6 Bn valuation
- OFS ₹375 Cr
Why this matters
Info Edge's ₹375 Cr OFS alongside a foodtech IPO at this scale sets a fresh valuation benchmark for consumer-tech exits and future M&A pricing in the space.
What to watch
- Day 3 QIB subscription multiple (threshold: >10x = bullish, <3x = bearish)
- GMP trending above/below ₹20-30 premium band
- SEBI or exchange commentary on retail-vs-institutional imbalance
- Listing date allotment and price discovery vs ₹76 upper band
- Global tech-stock selloff risk (Nasdaq correlation) in the 2-week listing window
- Track NII and QIB subscription multiples on Day 2-3 (final day) for institutional conviction signal
- Monitor grey market premium (GMP) movement as real-time listing gain proxy
- Watch Info Edge stock price reaction given ₹375 Cr OFS stake unwind and residual holding value
- Flag anchor investor list quality (foreign vs domestic, long-only vs hedge funds) once disclosed
- Compare Zomato subscription pattern to upcoming Paytm/PolicyBazaar/Nykaa IPO investor appetite