Delhivery IPO's 4% subscription in first two hours resurfaces from May 2022
Resurfacing a May 11, 2022 milestone: Delhivery's IPO was subscribed 4% overall within two hours of opening, with the retail investor portion reaching 23% subscription.
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 milestone follows other Delhivery retrospective signals, including May 2023 CEO remarks that Shein’s India return could lift e-commerce and repeated updates on the IPO’s early retail demand.
Retail-company is accelerating at +227417% QoQ.