Delhivery IPO sees 4% subscription in first two hours; retail book at 23%
Delhivery’s IPO was subscribed 4% within the first two hours of bidding, while the retail investor portion reached 23% subscription.
Delhivery’s IPO was subscribed 4% in its first two hours of bidding, with the retail investor portion subscribed 23%.
Why this matters
The signal echoes recent resurfacing notices about Delhivery’s May 2022 IPO opening, each citing 4% overall subscription and 23% retail subscription within two hours.
The retail-company theme is accelerating, up 401333% QoQ.