Resurfacing a May 2022 update: Delhivery IPO saw 4% subscription in first two hours; retail portion at 23%
This is a resurfaced report from May 11, 2022: Delhivery’s IPO was subscribed 4% overall within the first two hours of bidding that day. The retail investor quota was subscribed 23% over the same period.
Delhivery’s IPO was subscribed 4% overall in its first two hours of bidding on May 11, 2022, with the retail investor portion covered 23%.
Why this matters
The resurfaced IPO-demand update matches recent signals revisiting Delhivery’s May 2022 subscription activity and its 2021 acquisition of retail technology company Primaseller.
retail-company is accelerating, up +985400% QoQ.