Resurfacing a May 2022 move: Delhivery IPO reached 4% subscription in first two hours; retail tranche at 23%
Resurfacing details from May 11, 2022 — Delhivery's IPO drew 4% overall subscription within two hours of opening. The retail investor portion was subscribed 23%, indicating relatively stronger early participation from individual investors at the time.
Delhivery’s IPO was subscribed 4% overall within its first two hours of bidding on May 11, 2022, while the retail investor portion was covered 23%.
Why this matters
Delhivery's recent signals repeatedly revisit its May 2022 IPO opening, reporting 4% overall subscription in two hours and a 23% retail book.
Retail-company signals are accelerating, up 219367% QoQ.