Resurfacing a May 2022 move: Delhivery IPO was subscribed 4% in first two hours, retail tranche reached 23%
Resurfacing a May 2022 update: Delhivery's IPO drew 4% overall subscription within two hours of opening on May 11, 2022, with the retail investor portion subscribed 23%.
Delhivery’s IPO was subscribed 4% overall within the first two hours of bidding, while the retail investor portion reached 23% subscription.
Why this matters
The resurfaced update matches recent Delhivery signals that reported 4% overall IPO subscription in the first two hours and retail demand reaching 23%.
Retail-company signals are accelerating, up 565000% QoQ.