Resurfacing a May 2022 move: Delhivery IPO drew 4% subscription in first two hours; retail portion reached 23%
Delhivery's IPO was subscribed 4% overall within the first two hours of bidding on May 11, 2022. The retail investor quota had reached 23% subscription over the same period.
Delhivery’s IPO was subscribed 4% overall within its first two hours of bidding on May 11, 2022, while the retail investor portion reached 23% subscription.
Why this matters
The historical IPO update follows related resurfaced signals on Delhivery's early subscription levels and its CEO's May 2023 comments that Shein's India return could increase ecommerce activity.
Retail-company signals are accelerating, up 182963% QoQ.