Resurfacing a May 2022 move: Delhivery IPO drew 4% overall subscription in first two hours
Delhivery’s IPO was subscribed 4% overall within two hours of opening on May 11, 2022. The retail investor portion reached 23% subscription in the same period.
Delhivery’s IPO was subscribed 4% overall within two hours of opening on May 11, 2022, while the retail investor portion reached 23% subscription.
Why this matters
The May 2022 IPO-opening update recurs across recent Delhivery signals, each citing 4% overall subscription and 23% retail subscription in the first two hours.
retail-company is accelerating, up +150790% QoQ.