Resurfacing a May 2022 move: Delhivery IPO subscribed 4% in first two hours; retail portion reaches 23%
Resurfacing details from May 11, 2022: Delhivery’s IPO was subscribed 4% within two hours of opening. The retail investor quota had reached 23% subscription in the same period.
Delhivery’s IPO was subscribed 4% within two hours of opening on May 11, 2022, with the retail investor quota covered 23%.
Why this matters
The resurfaced May 2022 IPO update aligns with recent signals repeating Delhivery’s 4% opening subscription and 23% retail uptake, alongside a resurfaced May 2023 CEO comment on Shein’s potential ecommerce impact.
Retail-company signals are accelerating, up +199729% QoQ.
Also reported by
- Inc42 · Quick Commerce — Same time