Delhivery IPO draws 4% subscription in first two hours; retail tranche reaches 23%
Delhivery’s IPO was subscribed 4% overall within the first two hours of bidding, with the retail investor portion receiving 23% subscription, according to Inc42.
Delhivery’s IPO was subscribed 4% overall in its first two hours of bidding, while the retail investor portion received 23% subscription.
Why this matters
Delhivery’s early IPO demand data resurfaces alongside signals on its CEO viewing Shein’s India return positively and a separate May 2022 repost of the same 4% overall and 23% retail subscription figures.
Retail-company signals are accelerating, up +201729% QoQ.