Delhivery IPO sees 4% overall subscription in first two hours; retail portion at 23%
Delhivery’s IPO was subscribed 4% overall during the first two hours of bidding, with the retail investor allocation reaching 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 May 2022 IPO update resurfaces alongside prior coverage of Delhivery’s early subscription figures and its March 2021 acquisition of retail-tech firm Primaseller.
Retail-company signals are accelerating, up +1028400% quarter over quarter.