Delhivery IPO resurfaces: May 2022 offering saw 4% overall subscription; retail quota reached 23% in two hours
Resurfacing a May 2022 move — Delhivery’s IPO was subscribed 4% overall within two hours of opening on May 11, 2022, with the retail investor portion covered 23%.
Delhivery’s IPO was subscribed 4% overall within its first two hours of trading on May 11, 2022, while the retail investor quota was subscribed 23%.
Why this matters
The IPO milestone follows resurfaced signals on Delhivery’s March 2021 acquisition of retail-tech firm Primaseller, tracing the company’s expansion and capital-markets timeline.
Retail-company signals are accelerating, up 1,018,100% QoQ.