Delhivery IPO sees 4% subscription in first two hours; retail book reaches 23%
Delhivery’s initial public offering was subscribed 4% overall within 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 portion received 23% subscription.
Why this matters
The signal echoes prior coverage of Delhivery’s May 2022 IPO opening, when overall subscription reached 4% in two hours and the retail tranche reached 23%.
Retail-company signals are accelerating, up 220000% quarter over quarter.