Resurfacing a May 2022 move: Delhivery IPO hit 4% subscription in first two hours, retail tranche at 23%
Back on May 11, 2022, Delhivery’s IPO was subscribed 4% overall within two hours of opening, with the retail investor portion covered 23%.
Delhivery’s IPO was subscribed 4% overall within two hours of opening on May 11, 2022, while the retail investor portion reached 23% subscription.
Why this matters
The resurfaced IPO signal adds to Delhivery’s historical retail-tech activity, following signals on its March 2021 acquisition of Primaseller and the Primaseller platform deal.
retail-company is accelerating, up 1,026,800% QoQ.