Resurfacing a May 2022 move: Delhivery IPO drew 4% overall subscription in first two hours; retail quota reached 23%
Resurfacing details from May 11, 2022: Delhivery’s IPO was subscribed 4% overall within its first two hours of bidding, with the retail investor portion reaching 23% subscription.
Delhivery’s IPO was subscribed 4% overall within the first two hours of bidding on May 11, 2022, while the retail investor quota reached 23% subscription.
Why this matters
The resurfaced IPO update follows recent Delhivery signals repeating the 4% overall and 23% retail opening-bid figures and reporting the CEO’s positive view of Shein’s India return.
Retail-company signals are accelerating, up 224233% QoQ.