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 — a detail now resurfacing. The retail-investor portion saw stronger early participation at the time, reaching 23% subscription.
Delhivery’s IPO was subscribed 4% overall within its first two hours of trading on May 11, 2022, while the retail investor portion was subscribed 23%.
Why this matters
The resurfaced IPO data complements recent coverage of Delhivery's network-scale and EV expansion strategy against captive logistics rivals, while echoing another recent signal on the same May 2022 subscription figures.
retail-company is accelerating, up +308750% QoQ.
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