Delhivery IPO sees 4% subscription in first two hours; retail book at 23%
Delhivery’s IPO was subscribed 4% overall within the first two hours of opening, while the retail investor portion reached 23% subscription, signalling stronger early participation from retail buyers.
Delhivery’s IPO was subscribed 4% overall within its first two hours of opening, with the retail investor portion receiving 23% subscription.
Why this matters
The signal resurfaces Delhivery’s May 2022 IPO opening, when overall subscription reached 4% in two hours and the retail tranche reached 23%, highlighting early retail-led demand.
Retail-company signals are accelerating, up 1,073,300% QoQ.