Resurfacing a May 2022 move: Delhivery IPO reached 4% subscription; retail portion covered 23% in two hours
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 allocation saw 23% subscription over the same period.
Delhivery's IPO was subscribed 4% overall within the first two hours of bidding on May 11, 2022, while the retail investor quota was covered 23%.
Why this matters
Delhivery’s recent signal pattern repeatedly revisits its May 2022 IPO opening, citing 4% overall subscription and 23% retail subscription after two hours.
The retail-company theme is accelerating, up 207871% QoQ.