Resurfacing a May 2022 milestone: Delhivery IPO reached 4% subscription in first two hours; retail tranche at 23%
Delhivery’s IPO received 4% overall subscription within two hours of opening on May 11, 2022, with the retail investor portion subscribed 23% — a detail now resurfacing.
Delhivery’s IPO was subscribed 4% overall within its first two hours of bidding, while the retail investor portion reached 23% subscription.
Why this matters
The resurfaced May 2022 IPO data matches recent Delhivery signals reporting 4% overall subscription and 23% retail-tranche uptake in the first two hours.
Retail-company signals are accelerating, up +167444% QoQ.