Resurfacing a May 2022 move: Delhivery IPO reached 4% subscription; retail quota at 23% in first two hours
Delhivery’s IPO was subscribed 4% overall within two hours of opening on May 11, 2022, with the retail-investor portion receiving 23% subscription. The early reading offered a snapshot of investor appetite for India’s e-commerce logistics sector at the time.
Indian logistics and e-commerce supply-chain company Delhivery's IPO was subscribed 4% overall within two hours of opening, while the retail-investor quota received 23% subscription.
Why this matters
The historical IPO-demand reading complements Delhivery’s recent signal that its CEO sees Shein’s India return lifting e-commerce demand. Two related signals also revisit the same May 2022 subscription update.
retail-company is accelerating, up 225017% QoQ.