Zomato IPO crosses full 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 oversubscribed 1.05 times on its first day of bidding, with retail investors driving demand.
Why this matters
The signal aligns with recent Zomato coverage resurfacing its July 2021 IPO, including reports that the offering reached 1.05x subscription on Day 1 with retail investors leading demand.
Retail-company signals are accelerating, up 167178% quarter over quarter.