Delhivery IPO resurfacing: May 2022 debut drew 4% subscription in first two hours; retail portion reached 23%
Resurfacing a May 2022 move: Delhivery’s IPO was subscribed 4% overall within two hours of opening on May 11, 2022. Retail investors accounted for stronger early demand, with their reserved portion subscribed 23%.
Delhivery’s IPO was subscribed 4% overall within its first two hours of bidding on May 11, 2022, while the retail investor portion reached 23% subscription.
Why this matters
The signal revisits Delhivery's May 2022 IPO opening, matching recent resurfaced signals that reported 4% overall subscription and 23% retail-tranche demand in the first two hours.
retail-company signals are accelerating, up +401100% QoQ.