Delhivery IPO draws 4% subscription in first two hours; retail tranche reaches 23%
Delhivery’s public offering was subscribed 4% overall in the first two hours of bidding, with the retail investor portion receiving 23% subscription.
Delhivery’s IPO was subscribed 4% overall in its first two hours of bidding, while the retail investor portion received 23% subscription.
Why this matters
The update aligns with prior signals reporting Delhivery’s IPO at 4% overall subscription and 23% retail subscription in its first two hours, including a May 2022 resurfacing of the same early-bidding data.
Retail-company signals are accelerating, up +1113800% QoQ.