Delhivery IPO sees 4% subscription in first two hours; retail tranche at 23%
Delhivery’s initial public offering was subscribed 4% within the first two hours of bidding, while the retail investor portion reached 23% subscription.
Delhivery’s IPO was subscribed 4% in the first two hours of bidding, with the retail investor portion subscribed 23%.
Why this matters
The update aligns with recent signals revisiting Delhivery’s May 2022 IPO opening, when overall demand reached 4% in two hours and retail participation reached 23%.
Retail-company signals are accelerating, up 219850% quarter over quarter.