Zomato IPO's Day 1 subscription of 1.05x, led by retail investors, resurfaces from July 2021
Zomato's initial public offering was subscribed 1.05 times on the first day of bidding back in July 2021, with retail investors driving early demand, a detail now resurfacing.
What happened
Zomato’s IPO was oversubscribed 1.05 times on its first day, with retail investors leading demand.
Key facts
- 1.05 times oversubscribed
- Day 1
Why this matters
Zomato’s early IPO traction could strengthen its currency for partnerships and acquisitions, while creating a fresh public-market benchmark for food-delivery sector valuations.