Delhivery IPO sees 4% subscription in first two hours; retail portion at 23%
Delhivery’s IPO was subscribed 4% overall within the first two hours of bidding on opening day, while the retail investor quota received 23% subscription.
Delhivery’s IPO was subscribed 4% in its first two hours of bidding, with the retail investor portion receiving 23% subscription.
Why this matters
Related Delhivery signals repeatedly highlighted the IPO's early retail demand, including coverage of 23% retail subscription in two hours and a resurfaced May 2022 report showing 4% overall subscription.
Retail-company signals are accelerating, up 398,500% QoQ.