Delhivery IPO reaches 4% subscription in first two hours; retail tranche at 23%
Delhivery’s IPO was subscribed to 4% of shares offered in the first two hours of bidding, with the retail investor category reaching 23% subscription.
Delhivery’s IPO was subscribed to 4% of shares offered within the first two hours of bidding, while the retail investor category was subscribed 23%.
Why this matters
Related signals previously recorded Delhivery’s IPO reaching 4% overall subscription in two hours and 23% retail subscription, resurfacing the May 2022 early-bidding update.
Retail-company signals are accelerating, up 396167% quarter over quarter.