Resurfacing a May 2022 move: Delhivery IPO drew 4% overall subscription in first two hours; retail portion at 23%
Resurfacing details from May 11, 2022: Delhivery’s IPO was subscribed 4% overall within two hours of opening. The retail investor portion had reached 23% subscription during that same period.
Delhivery’s IPO was subscribed 4% overall within two hours of opening on May 11, 2022, while the retail investor portion reached 23% subscription.
Why this matters
The resurfaced IPO-opening data follows a recent signal that Delhivery’s CEO said Shein’s India re-entry could lift ecommerce activity, connecting its investor-interest history with current ecommerce commentary.
Retail-company signals are accelerating, up +200186% QoQ.
Also reported by
- Inc42 · Quick Commerce — Same time