Resurfacing a May 2022 move: Delhivery IPO drew 4% subscription in first two hours; retail quota reached 23%
Delhivery’s public offering was subscribed 4% overall within two hours of opening on May 11, 2022, with retail investors covering 23% of their reserved portion.
Delhivery’s IPO was subscribed 4% overall within its first two hours of bidding, while the retail investor quota reached 23% subscription.
Why this matters
Related resurfacing signals repeatedly highlight the same early demand pattern: Delhivery’s IPO reached 4% overall subscription in two hours while the retail tranche reached 23%.
Retail-company signals are accelerating, up 256380% quarter over quarter.