Resurfacing a May 2022 move: Delhivery IPO reached 4% subscription in first two hours; retail quota at 23%
Revisiting Delhivery’s IPO from May 11, 2022, which was subscribed 4% overall within two hours of opening. The retail investor portion saw stronger early participation, reaching 23% subscription at the time.
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 data follows signals on Delhivery’s Primaseller acquisition, which highlighted deeper ecommerce seller and retail-tech capabilities.
Retail-company signals are accelerating, up 995000% quarter over quarter.