Delhivery IPO draws 4% subscription in first two hours; retail portion reaches 23%
Delhivery’s IPO received 4% overall subscription within the first two hours of bidding, with the retail investor quota subscribed 23%, signalling stronger early participation from individual investors.
Delhivery’s IPO was subscribed 4% overall within its first two hours of bidding, while the retail investor portion received 23% subscription.
Why this matters
The update repeats the May 2022 pattern in which Delhivery’s IPO reached 4% overall subscription in two hours and the retail tranche hit 23%; recent signals have resurfaced the same early-bidding data.
Retail-company is accelerating, up 219733% QoQ.