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% within two hours of opening. The retail investor quota recorded 23% subscription during the same period, indicating comparatively stronger early demand from individual investors.
Delhivery’s IPO was subscribed 4% within two hours of opening on May 11, 2022, with the retail investor portion receiving 23% subscription.
Why this matters
The resurfaced May 2022 IPO update aligns with related signals reporting Delhivery's 4% overall subscription and 23% retail tranche uptake in the first two hours.
Retail-company signals are accelerating, up 565650% quarter over quarter.