Resurfacing a May 2022 move: Delhivery IPO drew 4% subscription in first two hours; retail tranche reached 23%
Delhivery’s IPO was subscribed 4% overall within the first two hours of bidding on May 11, 2022, according to details resurfacing now. The retail investor portion was subscribed 23% over the same period, indicating stronger early participation from individual investors than across the full book.
Delhivery’s IPO was subscribed 4% overall in its first two hours of bidding on May 11, 2022, while the retail investor quota received 23% subscription.
Why this matters
The resurfaced May 2022 update matches recent Delhivery signals reporting 4% IPO subscription in two hours and 23% retail participation, including versions referring to the retail portion as a quota.
Retail-company is accelerating, up +257100% QoQ.