Resurfacing a May 2022 move: Delhivery IPO saw 4% subscription in first two hours; retail portion reached 23%
Delhivery’s IPO was subscribed 4% within its first two hours of bidding on May 11, 2022. The retail-investor allocation was covered 23% over the same period, indicating early retail participation in the logistics company’s public issue — details now resurfacing.
Delhivery’s IPO was subscribed 4% in its first two hours of bidding on May 11, 2022, while the retail investor allocation was subscribed 23%.
Why this matters
The resurfaced May 2022 IPO data adds to recent Delhivery signals, including its CEO’s view that Shein’s India return could lift ecommerce and repeated references to the IPO’s early subscription pace.
Retail-company signals are accelerating, up 206757% quarter over quarter.