Delhivery IPO reportedly sees 4% subscription in first two hours
Delhivery’s IPO was reportedly subscribed 4% overall within two hours of opening, while the retail investor portion was covered 23%. The source article was inaccessible, so figures could not be independently verified.
Delhivery’s IPO was reported to have received 4% overall subscription, with the retail portion covered 23%, within the first two hours of bidding. Article content was unavailable due to a 403 response.
Why this matters
The report matches recent resurfaced signals on Delhivery's May 2022 IPO opening: 4% overall subscription in two hours and 23% retail coverage.
retail-company is accelerating, up +100920% QoQ.