Resurfacing a May 2022 move: Delhivery IPO hit 4% subscription in first two hours; retail portion reached 23%
Delhivery's IPO was subscribed 4% within two hours of opening on May 11, 2022, with the retail investor allocation covered 23% over the same period.
Delhivery’s IPO was subscribed 4% in its first two hours of bidding on May 11, 2022. The retail investor portion saw 23% subscription.
Why this matters
The resurfaced May 2022 IPO-opening data aligns with recent signals reporting Delhivery's 4% overall subscription and 23% retail quota uptake in the first two hours.
Retail-company signals are accelerating, up +256720% QoQ.