Resurfacing a May 2022 move: Delhivery IPO reached 4% subscription in two hours, retail quota at 23%
Resurfacing a May 2022 event: Delhivery's IPO was subscribed 4% overall within two hours of opening on May 11, 2022, while the retail-investor portion was subscribed 23%.
Delhivery’s IPO was subscribed 4% overall within two hours of opening on May 11, 2022, with the retail-investor quota covered 23%.
Why this matters
The event echoes recent resurfaced signals on Delhivery’s 4% IPO uptake and 23% retail tranche, while its CEO’s view of Shein’s India return highlights an ongoing e-commerce focus.
retail-company is accelerating, up 202043% QoQ.