Delhivery IPO's 4% overall subscription in first two hours resurfaces from May 2022
Resurfacing a May 2022 move: Delhivery's IPO was subscribed 4% overall within the first two hours of bidding on May 11, 2022. The retail investor portion reached 23% subscription over the same period.
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 resurfaced IPO data follows recent Delhivery signals on the same 4% opening subscription and the CEO's view that Shein's India re-entry could lift ecommerce activity.
retail-company is accelerating, up +200471% QoQ.