Delhivery IPO drew 4% subscription in first two hours; retail portion reached 23% (resurfacing a May 2022 move)
Delhivery's IPO was subscribed 4% within two hours of opening on May 11, 2022. Retail investors covered 23% of their reserved portion, signalling early interest in the logistics platform's public-market debut. This resurfaces a development from May 2022.
Delhivery’s IPO was subscribed 4% in its first two hours of bidding on May 11, 2022, with the retail investor portion subscribed 23%.
Why this matters
Delhivery's early IPO subscription data follows its retail-tech expansion through the Primaseller acquisition, including a resurfaced March 2021 Primaseller signal, showing the company's progression toward public markets.
Retail-company signals are accelerating, up 941400% QoQ.