Resurfacing a May 2022 move: Delhivery IPO opened with 4% subscribed, retail portion at 23% in first two hours
Resurfacing details from Delhivery's IPO opening on May 11, 2022: the logistics firm's issue drew 4% total subscription within two hours of opening, with the retail investor category covered 23% in the same window—an early read on demand ahead of full book-building at the time.
Logistics firm Delhivery's IPO opened for subscription, reaching 4% total subscription within two hours, with the retail investor portion covered 23% during the same opening window.
Why this matters
This early IPO demand snapshot predates Delhivery's push beyond core logistics, including its acquisition of retail-tech startup Primaseller to deepen omnichannel capabilities.
Retail-company signals are accelerating, up 901500% QoQ.