Resurfacing a May 2022 move: Delhivery IPO had reached 4% subscription in first two hours; retail quota at 23%
Resurfacing details from May 11, 2022: Delhivery’s IPO was subscribed 4% overall within two hours of opening. The retail investor portion had reached 23% subscription at that point, signalling early participation from individual investors.
Delhivery’s IPO was subscribed 4% overall within two hours of opening on May 11, 2022, while the retail investor quota was 23% subscribed.
Why this matters
The resurfaced May 2022 data matches recent Delhivery signals reporting 23% retail subscription and 4% overall IPO subscription in the first two hours.
Retail-company signals are accelerating, up 256260% QoQ.