Resurfacing a May 2022 milestone: Delhivery IPO hit 4% subscription in first two hours; retail tranche at 23%
Resurfacing details from May 11, 2022: Delhivery's IPO was subscribed 4% overall within the first two hours of bidding that day. The retail investor portion had received 23% subscription over the same period.
Delhivery’s IPO was subscribed 4% overall within its first two hours of bidding on May 11, 2022, while the retail investor portion received 23% subscription.
Why this matters
The May 2022 IPO milestone aligns with recent Delhivery signals reporting 4% overall subscription in two hours and 23% retail participation.
Retail-company signals are accelerating, up +310975% QoQ.