Zomato IPO subscription of 1.05x on Day 1 resurfaces, led by retail demand back in July 2021
Resurfacing from July 2021: 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 subscribed 1.05 times on its first day, with retail investors leading demand.
Why this matters
The resurfaced July 2021 update aligns with recent signals that Zomato’s IPO crossed full subscription on Day 1 and drew 1.05x demand, both led by retail investors.
Retail-company signals are accelerating, up 167300% QoQ.