Delhivery IPO sees 4% subscription in first two hours; retail portion at 23%
Delhivery’s IPO was subscribed 4% overall in the first two hours of bidding, with the retail investor allocation subscribed 23%.
Delhivery’s IPO was subscribed 4% overall in its first two hours of bidding, while the retail investor portion was covered 23%.
Why this matters
The signal echoes recent resurfaced coverage of Delhivery’s May 2022 IPO opening, when overall demand reached 4% and the retail portion reached 23% within two hours.
Retail-company signals are accelerating, up 314000% QoQ.