Resurfacing a May 2022 move: Delhivery IPO drew 4% subscription in first two hours, retail quota reached 23%
Resurfacing details from May 11, 2022: Delhivery's IPO was subscribed 4% overall within the first two hours of bidding that day. The retail investor portion reached 23% subscription, signalling early individual-investor interest in the logistics company's public-market debut at the time.
Delhivery's IPO was subscribed 4% overall within its first two hours of bidding on May 11, 2022, while the retail investor quota was subscribed 23%.
Why this matters
The May 2022 IPO subscription update follows a March 2021 signal on Delhivery's acquisition of retail-tech company Primaseller. Two recent signals also resurface the same opening-day IPO demand figures.
Retail-company signals are accelerating, up +996400% QoQ.