Resurfacing a May 2022 move: Delhivery IPO reached 4% subscription in first two hours; retail portion at 23%
Resurfacing details from May 11, 2022: Delhivery’s IPO was subscribed 4% overall within the first two hours of bidding that day. The retail investor portion was subscribed 23% over the same period.
Delhivery’s IPO was subscribed 4% overall in its first two hours of bidding on May 11, 2022, with the retail investor portion covered 23%.
Why this matters
The May 2022 IPO subscription update adds to resurfaced Delhivery signals, including its 2021 acquisition of retail-tech platform Primaseller.
retail-company is accelerating, up +984000% QoQ.
Also reported by
- Inc42 · Quick Commerce — 1h after first sighting