Resurfacing a May 2022 move: Delhivery IPO reached 4% subscription in first two hours; retail portion at 23%
This recalls Delhivery’s IPO, which was subscribed 4% overall within two hours of opening on May 11, 2022. The retail-investor quota saw stronger early demand at the time, reaching 23% subscription.
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 signal matches recent Delhivery IPO recaps that reported 4% overall subscription in two hours and 23% retail-tranche demand during the May 2022 offering.
Retail-company signals are accelerating, up +400267% QoQ.
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