Resurfacing a May 2022 move: Delhivery IPO reached 4% subscription in first two hours; retail book at 23%
Delhivery's IPO was subscribed 4% in the first two hours of bidding back on May 11, 2022. The retail investor portion was 23% subscribed at that time, indicating early participation from individual investors.
Delhivery’s IPO was subscribed 4% within its first two hours of bidding on May 11, 2022, while the retail investor portion reached 23% subscription.
Why this matters
The resurfaced IPO data follows recent signals revisiting Delhivery’s May 2022 subscription levels and its CEO’s May 2023 view that Shein’s India return could lift ecommerce activity.
Retail-company signals are accelerating, up 208986% QoQ.