Resurfacing a May 2022 move: Delhivery IPO hit 4% subscription in first two hours; retail book at 23%
Resurfacing a May 11, 2022 update: Delhivery's IPO was subscribed 4% overall within two hours of opening that day. The retail investor portion was covered 23% in the same period.
Delhivery’s IPO was subscribed 4% overall in its first two hours of bidding on May 11, 2022, while the retail investor portion reached 23% subscription.
Why this matters
Recent Delhivery signals also revisit the May 2022 IPO’s 4% overall subscription and 23% retail-book coverage within two hours.
Retail-company signals are accelerating, up 313225% QoQ.