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 received 23% subscription.
Why this matters
The signal echoes related May 2022 coverage showing Delhivery’s IPO reached 4% overall subscription in two hours, while the retail investor book reached 23%.
Retail-company signals are accelerating, up 1,080,600% QoQ.