Resurfacing a May 2022 move: Delhivery IPO drew 4% subscription in first two hours; retail portion reached 23%
Delhivery's IPO was subscribed 4% overall within two hours of opening on May 11, 2022. The retail investor category was subscribed 23% over the same period, signalling relatively stronger early demand from individual investors.
Delhivery’s IPO was subscribed 4% overall within two hours of opening on May 11, 2022, while the retail investor portion reached 23% subscription.
Why this matters
The resurfaced IPO-demand signal adds market context to Delhivery's recent Primaseller acquisition signals, which highlight its expanding ecommerce seller and retail-tech capabilities.
retail-company is accelerating, up 994700% QoQ.