Zomato IPO draws 1.05x subscription 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 demand for the food-delivery platform’s public-market debut.
Zomato's IPO was oversubscribed 1.05 times on its first bidding day, driven primarily by retail investor demand.
Why this matters
The signal resurfaces Zomato’s July 2021 IPO opening, matching prior signals that reported 1.05x day-one subscription driven by retail investors.
Retail-company signals are accelerating, up 166822% QoQ.
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