Delhivery IPO draws 4% subscription in first two hours; retail portion at 23%
Delhivery’s public offering was subscribed 4% overall within the first two hours of bidding, while the retail investor quota was covered 23%.
Delhivery’s IPO was subscribed 4% overall in its first two hours of bidding, with the retail investor portion covered 23%.
Why this matters
It mirrors three recent resurfaced reports on Delhivery’s May 2022 IPO, each stating that overall subscription reached 4% in two hours and the retail quota reached 23%.
The retail-company theme is accelerating, up +256820% QoQ.