Resurfacing a May 2022 move: Delhivery IPO drew 4% subscription in first two hours; retail quota reached 23%
Resurfacing details from Delhivery's IPO, which was subscribed 4% overall within two hours of opening on May 11, 2022, with the retail investor portion covered 23%.
Delhivery’s IPO received 4% overall subscription in its first two hours of bidding on May 11, 2022, while the retail investor quota was subscribed 23%.
Why this matters
Recent Delhivery signals have also resurfaced the IPO's 4% first-two-hour overall subscription and 23% retail-tranche uptake, showing repeated attention to its opening-day demand.
Retail-company signals are accelerating, up 259040% QoQ.