Resurfacing a May 2022 milestone: Delhivery IPO reached 4% subscription in first two hours; retail quota at 23%
Delhivery’s IPO was subscribed 4% overall within two hours of opening on May 11, 2022, according to this resurfaced update. The retail investor portion had reached 23% subscription over the same period.
Delhivery’s IPO was subscribed 4% overall in its first two hours of trading on May 11, 2022, while the retail investor quota was 23% subscribed.
Why this matters
The resurfaced IPO milestone aligns with recent signals reporting Delhivery’s 4% first-two-hour subscription rate and 23% retail tranche coverage.
Retail-company signals are accelerating, up 165011% QoQ.
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