Zomato IPO sees 1.05x subscription on opening day, led by retail demand
Zomato’s IPO was subscribed 1.05 times on the first day of bidding, with retail investors driving early demand for the food-delivery platform’s public issue.
What happened
Zomato’s IPO was subscribed 1.05 times on its first day, with retail investors driving demand.
Key facts
- 1.05 times oversubscribed
Why this matters
Zomato’s retail-driven IPO opening provides an early valuation and strategic-demand readthrough for food-tech peers, potential partners, and acquisition targets.