Delhivery IPO sees 4% overall subscription in first two hours
Delhivery’s IPO was subscribed 4% overall in the first two hours of bidding, with the retail investor portion receiving 23% subscription.
Delhivery’s IPO was subscribed 4% overall in its first two hours of bidding, while the retail investor quota was subscribed 23%.
Why this matters
The signal aligns with repeated resurfaced reports on Delhivery’s May 2022 IPO, each highlighting 4% overall subscription in two hours and 23% retail participation.
Retail-company signals are accelerating, up +258400% QoQ.