Delhivery IPO sees 4% subscription in first two hours; retail portion reaches 23%
Delhivery’s initial public offering was subscribed 4% in the first two hours of bidding, while the retail investor quota was covered 23%.
Delhivery’s IPO was subscribed 4% in its first two hours of bidding, with the retail investor portion covered 23%.
Why this matters
The update matches recent signals on Delhivery's IPO opening: one reported 4% overall subscription and 23% retail coverage, while two resurfaced the same May 2022 bidding milestone.
The retail-company theme is accelerating, up +217150% QoQ.