Resurfacing a May 2022 move: Delhivery IPO drew 4% subscription in first two hours; retail book reached 23%
Back on May 11, 2022, Delhivery’s IPO was subscribed 4% overall within two hours of opening, with the retail-investor portion covered 23%, according to Inc42.
Delhivery’s IPO was subscribed 4% overall within two hours of opening on May 11, 2022, while the retail investor portion received 23% subscription.
Why this matters
The resurfaced May 2022 IPO update aligns with recent Delhivery signals repeating the 4% two-hour subscription level and 23% retail-book coverage.
The retail-company theme is accelerating, up 225283% QoQ.