Resurfacing a May 2022 move: Delhivery IPO reached 4% subscription in first two hours; retail portion at 23%
Delhivery’s IPO was subscribed 4% overall within two hours of opening on May 11, 2022, according to details resurfacing now. The retail investor portion had reached 23% subscription in the same period.
Delhivery's IPO was subscribed 4% overall within its first two hours of bidding on May 11, 2022, while the retail investor portion reached 23% subscription.
Why this matters
The resurfaced IPO-demand snapshot adds historical investor context to Delhivery’s recent signal that Shein’s India return could lift ecommerce demand. Related coverage also revisits the same 4% overall and 23% retail subscription update.
Retail-company signals are accelerating, up 224567% QoQ.