Delhivery IPO sees 4% subscription in first two hours; retail portion reaches 23%
Delhivery’s IPO was subscribed 4% in the first two hours of bidding, while the retail investor quota was covered 23%, according to Inc42.
Delhivery’s IPO was subscribed 4% in its first two hours of bidding, with the retail investor portion covered 23%.
Why this matters
The IPO update matches prior signals reporting Delhivery’s first-two-hour subscription at 4% and retail tranche at 23%, including resurfaced coverage of the May 2022 bidding activity.
Retail-company signals are accelerating, up 183525% quarter over quarter.