Resurfacing a May 2022 milestone: Delhivery IPO reached 4% subscription in first two hours; retail tranche at 23%
Revisiting a May 11, 2022 update — Delhivery's IPO was subscribed 4% overall in its first two hours of bidding, with the retail investor portion receiving 23% subscription.
Delhivery's IPO was subscribed 4% overall in its first two hours of bidding on May 11, 2022, while the retail investor quota was subscribed 23%.
Why this matters
Delhivery’s resurfaced May 2022 IPO update matches related signals reporting 4% overall subscription in two hours and 23% retail subscription, revisiting the same early-bidding milestone.
The retail-company theme is accelerating, up +1044200% QoQ.