Zomato IPO draws 1.05x 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 emerging as the main demand driver.
Zomato’s IPO was subscribed 1.05 times on its first day, with retail investors driving demand.
Why this matters
The signal echoes recent coverage resurfacing Zomato’s July 2021 IPO opening, including reports of 1.05x Day 1 subscription and retail-led demand.
Retail-company signals are accelerating, up 397567% QoQ.
Also reported by
- Inc42 · Quick Commerce — 2h after first sighting