Resurfacing a May 2022 move: Delhivery IPO saw 4% subscription in first two hours; retail tranche at 23%
Delhivery’s IPO, which opened for bidding in May 2022, was subscribed 4% overall during the first two hours of bidding, with the retail investor portion receiving 23% subscription.
Delhivery’s IPO was subscribed 4% overall in its first two hours of bidding, while the retail investor portion received 23% subscription.
Why this matters
This resurfaced signal aligns with recent Delhivery IPO coverage reporting 4% subscription in the first two hours and 23% retail participation.
Retail-company signals are accelerating, up 1,061,600% QoQ.