Delhivery IPO sees 4% overall subscription in first two hours
Delhivery’s IPO was subscribed 4% overall within its first two hours of bidding, while the retail investor portion reached 23% subscription.
Delhivery’s IPO was subscribed 4% overall in its first two hours of bidding, while the retail investor portion reached 23% subscription.
Why this matters
The signal matches recent resurfaced coverage of Delhivery’s May 2022 IPO opening, which also reported 4% overall subscription in two hours and 23% retail subscription.
Retail-company signals are accelerating, up +568050% QoQ.