Delhivery IPO's 4% subscription in first two hours; retail tranche at 23% — resurfacing a May 2022 update
Resurfacing a May 11, 2022 update: Delhivery's IPO was subscribed 4% overall within two hours of opening, with the retail investor portion subscribed 23%.
Delhivery’s IPO was subscribed 4% overall within two hours of opening on May 11, 2022, while the retail investor portion was covered 23%.
Why this matters
Delhivery’s resurfaced May 2022 IPO data aligns with recent signals reporting 4% subscription in two hours and 23% retail-book subscription.
Retail-company signals are accelerating, up 166478% QoQ.