Delhivery IPO sees 4% overall subscription in first two hours; retail portion reaches 23%
Logistics platform Delhivery’s IPO was subscribed 4% overall within two hours of opening, while the retail investor quota received 23% subscription.
Delhivery’s IPO was subscribed 4% overall within its first two hours of opening, with the retail investor portion receiving 23% subscription.
Why this matters
The signal aligns with recent resurfacing of Delhivery's May 2022 IPO opening, including reports of 4% overall subscription and 23% retail-tranche uptake in the first two hours.
Retail-company signals are accelerating, up 163489% QoQ.