Resurfacing a May 2022 move: Delhivery IPO reached 4% subscription; retail portion at 23% in first two hours
Delhivery’s IPO was subscribed 4% within two hours of opening on May 11, 2022. The retail investor allocation had reached 23% subscription, indicating comparatively stronger early interest from individual investors.
Delhivery’s IPO was subscribed 4% within two hours of opening on May 11, 2022, with the retail investor portion covered 23%.
Why this matters
The historic IPO data point resurfaces after recent Delhivery signals in which its CEO said Shein’s India return could lift ecommerce and be positive for India’s ecommerce market.
Retail-company signals are accelerating, up +198943% QoQ.