Resurfacing a May 2022 move: Delhivery IPO drew 4% subscription in first two hours; retail tranche at 23%
Resurfacing details from May 11, 2022: Delhivery’s IPO was subscribed 4% overall within two hours of opening, while the retail investor category reached 23% subscription, signalling early individual-investor interest in the logistics platform.
Delhivery’s IPO was subscribed 4% overall, with the retail investor portion covered 23% within two hours of opening on May 11, 2022.
Why this matters
Delhivery's recent signal pattern has repeatedly highlighted its May 2022 IPO's 4% first-two-hour subscription and 23% retail tranche participation.
Retail-company signals are accelerating, up +205900% QoQ.