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 the first two hours of bidding on May 11, 2022. The retail investor quota saw 23% subscription over the same period.
Delhivery’s IPO was subscribed 4% overall within its first two hours of bidding on May 11, 2022, while the retail investor portion was subscribed 23%.
Why this matters
The resurfaced IPO data adds to Delhivery’s retail-technology history, following signals on its 2021 acquisition of Primaseller, a retail technology platform.
Retail-company signals are accelerating, up +993700% QoQ.