Delhivery IPO draws 4% subscription in first two hours
Delhivery’s IPO was subscribed 4% overall in the first two hours of bidding, with the retail investor portion reaching 23% subscription.
Delhivery’s IPO was subscribed 4% overall in its first two hours of bidding, while the retail investor category reached 23% subscription.
Why this matters
The update aligns with recent Delhivery IPO signals reporting 4% overall subscription and 23% retail participation, including a resurfaced May 2022 report on the same early bidding activity.
The retail-company theme is accelerating, up 163867% QoQ.