Resurfacing a May 2022 moment: Delhivery IPO saw 4% subscription in first two hours; retail tranche at 23%
Resurfacing details from May 11, 2022: Delhivery’s IPO was subscribed 4% overall within its first two hours of bidding that day. The retail investor portion had reached 23% subscription at that point.
Delhivery’s IPO received 4% overall subscription in its first two hours of bidding on May 11, 2022, while the retail investor portion was subscribed 23%.
Why this matters
The resurfaced IPO-demand snapshot follows related signals revisiting Delhivery’s 4% opening subscription and reporting the CEO’s view that Shein’s India return could lift ecommerce activity.
The retail-company theme is accelerating, up +200857% QoQ.