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 the first two hours of bidding on May 11, 2022, with the retail investor portion reaching 23% subscription — a milestone from that day now resurfacing.
Delhivery’s IPO was subscribed 4% overall within its first two hours of bidding, while the retail investor portion reached 23% subscription.
Why this matters
The resurfaced May 2022 IPO milestone repeats recent Delhivery signals on 4% first-two-hour subscription and a 23% retail book.
retail-company is accelerating, up 226433% QoQ.