Resurfacing a May 2022 move: Delhivery IPO saw 4% subscription in first two hours; retail portion at 23%
Resurfacing details from May 11, 2022: Delhivery’s IPO was subscribed 4% overall within the first two hours of bidding, while the retail investor category was covered 23%.
Delhivery’s IPO was subscribed 4% overall in its first two hours of bidding, with the retail investor portion covered 23%.
Why this matters
The May 2022 IPO bidding update follows resurfaced coverage of Delhivery's early subscription figures and May 2023 CEO comments that Shein's return could lift India's e-commerce market.
Retail-company signals are accelerating, up +227017% quarter over quarter.