Resurfacing a May 2022 move: Delhivery IPO drew 4% subscription in first two hours; retail tranche reached 23%
Resurfacing coverage of a May 11, 2022 event: Delhivery’s IPO was subscribed 4% overall in its first two hours of bidding that day, with the retail investor portion reaching 23% subscription.
Delhivery’s IPO was subscribed 4% overall in its first two hours of opening on May 11, 2022, while the retail investor quota reached 23% subscription.
Why this matters
The resurfaced May 2022 report matches recent Delhivery signals reporting that its IPO reached 4% overall subscription in two hours and 23% retail subscription.
retail-company is accelerating, up 400100% QoQ.