Resurfacing a May 2022 milestone: Delhivery IPO reached 4% subscription in first two hours; retail book at 23%
Revisiting Delhivery's IPO progress from May 11, 2022 — the offering was subscribed 4% overall within two hours of opening. The retail investor portion had reached 23% subscription in the same period.
Delhivery’s IPO was subscribed 4% overall within its first two hours of trading on May 11, 2022, while the retail investor portion reached 23% subscription.
Why this matters
The resurfaced IPO update follows other Delhivery signals, including its May 2022 subscription progress and its March 2021 acquisition of retail-tech company Primaseller.
Retail-company signals are accelerating, up +1000300% QoQ.