Zomato IPO sees 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 driving early demand.
Zomato’s IPO was oversubscribed 1.05 times on its first day, with retail investors leading demand.
Why this matters
This echoes recent signals that Zomato’s IPO drew 1.05x subscriptions on day one and was oversubscribed 1.05× on opening day, both citing retail-led demand.
Retail-company signals are accelerating, up 164700% QoQ.