Resurfacing a May 2022 move: Delhivery IPO saw 4% overall subscription in first two hours
Delhivery’s IPO was subscribed 4% overall within the first two hours of bidding on May 11, 2022. The retail investor quota was 23% subscribed 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 resurfaced May 2022 IPO update follows recent Delhivery signals reporting 4% overall subscription in two hours and 23% subscription in the retail tranche.
Retail-company signals are accelerating, up +258920% QoQ.