Resurfacing a May 2022 milestone: Delhivery IPO hit 4% subscription in first two hours; retail book at 23%
Revisiting May 11, 2022: Delhivery's IPO was subscribed 4% overall within two hours of opening, with the retail investor quota reaching 23% subscription in 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 reached 23% subscription.
Why this matters
The resurfaced May 2022 IPO update aligns with recent Delhivery signals noting 4% overall subscription and 23% retail coverage within two hours.
Retail-company signals are accelerating, up 208129% QoQ.