Resurfacing a May 2022 move: Delhivery IPO reached 4% subscription in first two hours; retail tranche at 23%
Delhivery’s IPO was subscribed 4% overall within two hours of opening on May 11, 2022, while the retail investor portion reached 23% subscription — a detail resurfacing now from that date.
Delhivery’s IPO was subscribed 4% overall within its first two hours of bidding on May 11, 2022, with the retail investor portion covered 23%.
Why this matters
The resurfaced May 2022 data point aligns with recent signals that Delhivery’s IPO reached 4% subscription in two hours and its retail quota reached 23%.
retail-company is accelerating, up 206600% QoQ.
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