Resurfacing a May 2022 move: Delhivery IPO reached 4% subscription in two hours; retail portion at 23%
Delhivery’s IPO was subscribed 4% overall within two hours of opening on May 11, 2022, with the retail investor quota reaching 23% subscription.
Delhivery’s IPO was subscribed 4% overall within two hours of opening on May 11, 2022, while the retail investor quota was 23% subscribed.
Why this matters
The May 2022 IPO demand snapshot predates Delhivery’s recent Primaseller acquisition signals, focused on expanding retailer commerce technology and ecommerce retail-tech capabilities.
Retail-company signals are accelerating, up +966100% QoQ.