Resurfacing a May 2022 move: Delhivery IPO drew 4% subscription in first two hours, retail tranche at 23%
Delhivery's IPO was subscribed 4% overall within two hours of opening on May 11, 2022. The retail investor portion reached 23% subscription in the same period; this report is resurfacing that months-old milestone.
Delhivery’s IPO was subscribed 4% overall within two hours of opening on May 11, 2022, while the retail investor quota reached 23% subscription.
Why this matters
The IPO-opening update appears alongside a repeat of the same 4% overall and 23% retail subscription signal, plus a resurfaced May 2023 Delhivery CEO remark that a Shein return could lift India's ecommerce market.
The retail-company theme is accelerating, up +199300% QoQ.