Resurfacing a May 2022 move: Delhivery IPO saw 4% subscription in first two hours; retail tranche at 23%
Delhivery's IPO was subscribed 4% overall within its first two hours of bidding on May 11, 2022, a move now resurfacing. The retail investor portion reached 23%, signalling early interest in the e-commerce logistics and supply-chain company.
Delhivery’s IPO received 4% overall subscription in its first two hours of bidding, with the retail investor portion subscribed 23%, indicating early demand for the Indian logistics and e-commerce supply-chain company.
Why this matters
The resurfaced IPO-opening data follows recent signals on the same May 2022 subscription figures and Delhivery’s network-scale and EV expansion strategy against captive logistics rivals.
retail-company is accelerating, up 309925% QoQ.