Resurfacing a May 2022 move: Delhivery IPO had reached 4% subscription in two hours; retail tranche at 23%
Resurfacing from May 11, 2022: Delhivery's IPO was subscribed 4% overall within the first two hours of bidding, with the retail-investor portion reaching 23% subscription.
Delhivery’s IPO received 4% overall subscription, while the retail investor portion was subscribed 23% within the first two hours of bidding on May 11, 2022.
Why this matters
The May 2022 IPO update is resurfacing alongside recent signals that repeat Delhivery's 4% subscription in two hours and 23% retail-book subscription.
Retail-company signals are accelerating, up 166100% QoQ.