Delhivery IPO subscription resurfaces: hit 4% in first two hours, retail portion at 23% (May 2022)
Resurfacing a May 2022 move: Delhivery's IPO was subscribed 4% overall within two hours of opening on May 11, 2022. The retail investor quota had reached 23% subscription over the same period.
Delhivery’s IPO was subscribed 4% overall within its first two hours of opening on May 11, 2022, while the retail investor quota was subscribed 23%.
Why this matters
The resurfaced May 2022 IPO data follows recent Delhivery coverage of the same 4%/23% opening-day subscription milestone and its CEO’s view that Shein’s India return could lift ecommerce demand.
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