Resurfacing a May 2022 update: Delhivery IPO drew 4% subscription in first two hours; retail book at 23%
Recirculated report from Delhivery's IPO bidding period: the offer was subscribed 4% overall within the first two hours of bidding on May 11, 2022, with the retail investor portion reaching 23% subscription over the same period.
Delhivery’s IPO was subscribed 4% overall within its first two hours of bidding, while the retail investor portion reached 23% subscription.
Why this matters
The resurfaced May 2022 update matches recent Delhivery signals reporting 4% IPO subscription in two hours and 23% retail-quota uptake.
Retail-company signals are accelerating, up 202257% QoQ.