Delhivery IPO draws 4% subscription in first two hours; retail portion at 23%
Logistics platform Delhivery’s IPO was subscribed 4% overall during its first two hours of bidding, while the retail investor category reached 23% subscription.
Delhivery’s IPO was subscribed 4% overall in its first two hours of bidding, with the retail investor category subscribed 23%.
Why this matters
The signal repeats recent coverage of Delhivery’s May 2022 IPO opening, when overall subscription reached 4% in two hours and retail demand hit 23%.
Retail-company signals are accelerating, up 1,052,300% QoQ.