Resurfacing a May 2022 move: Delhivery IPO drew 4% subscription in first two hours; retail tranche reached 23%
Delhivery’s IPO was subscribed 4% overall within two hours of opening on May 11, 2022. The retail investor portion reached 23% subscription, signalling stronger early interest from individual investors than from the overall book.
Delhivery’s IPO was subscribed 4% overall within the first two hours of bidding on May 11, 2022, with the retail investor portion subscribed 23%.
Why this matters
The signal matches related resurfaced reports on Delhivery’s May 2022 IPO, which also highlighted 4% overall subscription and 23% retail participation in the first two hours.
Retail-company signals are accelerating, up +400900% QoQ.
Also reported by
- Inc42 · Quick Commerce — 1h after first sighting