Delhivery IPO draws 4% subscription in first two hours; retail portion at 23%
Delhivery’s IPO saw 4% overall subscription in the first two hours of bidding, with the retail investor quota subscribed 23%.
Delhivery’s IPO was subscribed 4% overall in its first two hours of bidding, while the retail investor portion reached 23% subscription.
Why this matters
The update aligns with recent resurfaced May 2022 signals reporting Delhivery’s IPO reached 4% overall subscription in two hours, with the retail quota at 23%.
Retail-company signals are accelerating, up 310650% QoQ.