Delhivery IPO's 4% subscription in first two hours; retail tranche at 23% — resurfacing a May 2022 update
Resurfacing a May 11, 2022 update: Delhivery's IPO was subscribed 4% within the first two hours of bidding, while the retail investor portion reached 23% subscription.
Delhivery’s IPO was subscribed 4% in its first two hours of bidding, with the retail investor portion receiving 23% subscription.
Why this matters
The update revisits Delhivery's early IPO bidding, following related signals on its 4% opening subscription and the CEO's view that Shein's India return is positive for ecommerce.
Retail-company signals are accelerating, up 223867% QoQ.