Resurfacing a May 2022 move: Delhivery IPO saw 4% subscription in first two hours; retail portion reached 23%
Resurfacing details from May 11, 2022: Delhivery’s IPO was subscribed 4% overall within its first two hours of bidding. The retail investor allocation was subscribed 23% over the same period.
Delhivery’s IPO received 4% overall subscription in its first two hours of bidding on May 11, 2022, while the retail investor portion was subscribed 23%.
Why this matters
The resurfaced May 2022 IPO update adds context to recent Delhivery signals on its early subscription figures and the CEO’s view that Shein’s return could aid India’s ecommerce market.
Retail-company signals are accelerating, up 204814% quarter over quarter.