Delhivery IPO's 4% overall subscription in first two hours; retail tranche reaches 23% — resurfacing a May 2022 update
Resurfacing a May 2022 milestone: Delhivery's IPO was subscribed 4% overall within the first two hours of bidding on May 11, 2022. The retail investor portion was covered 23% 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 May 2022 IPO update matches recent Delhivery signals reporting 4% overall subscription in the first two hours and 23% retail participation.
Retail-company signals are accelerating, up 258780% QoQ.