Delhivery IPO's 4% subscription in first two hours resurfaces from May 2022
Resurfacing a May 2022 move: Delhivery's IPO was subscribed 4% overall within two hours of opening 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 was subscribed 23%.
Why this matters
The resurfaced May 2022 update aligns with recent signals reporting Delhivery's IPO at 4% subscription in its first two hours and 23% subscription in the retail tranche.
retail-company is accelerating, up 206129% QoQ.