Resurfacing a May 2022 move: Delhivery IPO drew 4% subscription in first two hours; retail book reached 23%
Delhivery’s IPO was subscribed 4% overall within two hours of opening on May 11, 2022, resurfacing now. The retail investor portion was subscribed 23% over the same period, signalling stronger early demand from individual investors than across the full issue.
Delhivery’s IPO was subscribed 4% overall within its first two hours of bidding on May 11, 2022, while the retail investor portion reached 23% subscription.
Why this matters
The resurfaced May 2022 data aligns with recent Delhivery signals reporting 4% overall IPO subscription in two hours and 23% retail-book participation, highlighting stronger early retail demand than full-issue demand.
Retail-company signals are accelerating, up 225600% QoQ.
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