Resurfacing a May 2022 move: Delhivery IPO reached 4% subscription in first two hours, retail tranche at 23%
Delhivery’s IPO was subscribed 4% overall within two hours of opening on May 11, 2022. The retail investor portion reached 23% subscription, signalling stronger early participation from individual investors at the time.
Indian logistics and e-commerce enabler Delhivery’s IPO was subscribed 4% overall within two hours of opening, while the retail investor portion reached 23% subscription.
Why this matters
The signal reprises Delhivery’s May 2022 IPO opening, matching recent resurfaced signals on 4% overall subscription and 23% retail coverage in two hours.
Retail-company signals are accelerating, up +208486% QoQ.