Resurfacing a May 2022 move: Delhivery IPO drew 4% subscription in first two hours; retail portion at 23%
Resurfacing a May 2022 update: Delhivery's IPO was subscribed 4% overall within two hours of opening on May 11, 2022. The retail investor category had reached 23% subscription at that point, indicating early interest in the logistics platform's public-market debut.
What happened
Delhivery’s IPO was subscribed 4% overall within two hours of opening on May 11, 2022, with the retail investor portion covered 23%.
Key facts
- 4% overall subscription
- 23% retail portion subscription
- two hours
- May 11, 2022
Why this matters
The IPO’s early retail traction provides a useful benchmark for logistics-sector valuation appetite, while muted institutional demand could temper near-term deal comparables.