Resurfacing a May 2022 move: Delhivery IPO reached 4% subscription in first two hours; retail quota at 23%
Delhivery’s IPO was subscribed 4% overall within two hours of opening on May 11, 2022. The retail-investor portion had reached 23% subscription at that point.
Delhivery’s IPO was subscribed 4% overall within its first two hours of trading on May 11, 2022, while the retail-investor quota was covered 23%.
Why this matters
This resurfaced May 2022 update matches recent signals documenting Delhivery’s IPO reaching 4% overall subscription in two hours and 23% in the retail tranche.
The retail-company theme is accelerating, up 224400% QoQ.
Also reported by
- Inc42 · Quick Commerce — 1h after first sighting