Delhivery IPO drew 4% subscription in first two hours; retail portion reached 23% (resurfacing a May 2022 update)
Resurfacing a May 2022 update: Delhivery’s IPO was subscribed 4% overall within the first two hours of bidding on May 11, 2022. The retail investor tranche saw 23% subscription in the same period.
Delhivery’s IPO was subscribed 4% overall in its first two hours of bidding on May 11, 2022, with the retail investor portion receiving 23% subscription.
Why this matters
The resurfaced May 2022 update aligns with recent Delhivery signals reporting 4% overall IPO subscription in the first two hours and 23% retail-tranche participation.
Retail-company signals are accelerating, up +258680% QoQ.