Resurfacing a May 2022 move: Delhivery IPO drew 4% subscription in first two hours; retail tranche reached 23%
Resurfacing details from May 11, 2022, when logistics and e-commerce enabler Delhivery’s IPO was subscribed 4% within two hours of opening. The retail investor portion saw 23% subscription in the same period.
Indian logistics and e-commerce enabler Delhivery’s IPO was 4% subscribed within two hours of opening on May 11, 2022, while the retail investor portion was 23% subscribed.
Why this matters
The resurfaced May 2022 IPO update matches recent Delhivery signals reporting 4% first-two-hour subscription and 23% retail-book participation.
Retail-company signals are accelerating, up 402067% QoQ.