Resurfacing a May 2022 move: Delhivery IPO saw 4% overall subscription in first two hours
Resurfacing details from May 11, 2022: Delhivery’s IPO was subscribed 4% overall within the first two hours of bidding. 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, while the retail investor portion reached 23% subscription.
Why this matters
The historical IPO-demand data follows recent signals on Delhivery’s acquisition of retail-tech platform Primaseller and the resurfacing of that deal.
Retail-company signals are accelerating, up 956400% QoQ.