Resurfacing a May 2022 move: Delhivery IPO drew 4% subscription in first two hours; retail portion reached 23%
Delhivery's IPO was subscribed 4% overall within the first two hours of bidding on May 11, 2022, a episode resurfacing now. The retail investor portion reached 23% subscription, indicating stronger early participation from individual investors than from the broader book.
What happened
Delhivery’s IPO was subscribed 4% overall within its first two hours of bidding on May 11, 2022, while the retail investor portion reached 23% subscription.
Key facts
- 4% overall subscription
- 23% retail portion subscription
- two hours
- May 11, 2022
Why this matters
The IPO’s early retail-led interest reinforces Delhivery’s strategic value as a recognizable logistics platform, though modest total demand may temper near-term public-market comparables for sector deals.