Resurfacing a May 2022 update: Delhivery IPO reached 4% subscription in first two hours; retail portion at 23%
Revisiting Delhivery’s IPO subscription data from May 11, 2022: the issue was subscribed 4% within the first two hours of bidding, while the retail investor quota was subscribed 23% over the same period.
Delhivery’s IPO was subscribed 4% within its first two hours of bidding on May 11, 2022, with the retail investor portion covered 23%.
Why this matters
The resurfaced May 2022 IPO update follows recent Delhivery signals on early retail demand for the offering and CEO comments that Shein’s return could lift India’s e-commerce market.
Retail-company signals are accelerating, up 226733% QoQ.