Delhivery IPO draws 4% subscription in first two hours; retail portion reaches 23% (resurfacing a May 2022 move)
Resurfacing a May 2022 move: Delhivery's IPO was subscribed 4% overall within two hours of opening on May 11, 2022. The retail investor category reached 23% subscription, signalling stronger early interest from individual investors than across the full book.
Delhivery’s IPO was subscribed 4% overall within its first two hours of trading on May 11, 2022, while the retail investor portion reached 23% subscription.
Why this matters
The May 2022 IPO update aligns with related resurfaced signals showing Delhivery's offer reaching 4% overall subscription in two hours while the retail tranche reached 23%.
Retail-company signals are accelerating, up +311975% QoQ.