Resurfacing a May 2022 move: Delhivery IPO reached 4% subscription in first two hours; retail tranche at 23%
Delhivery’s IPO was subscribed 4% overall within two hours of opening on May 11, 2022. The retail investor portion was subscribed 23% over the same period, signalling stronger early participation from individual investors than the broader book.
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 matches recent resurfaced Delhivery signals reporting 4% overall subscription in two hours and 23% retail coverage, reinforcing the same early-demand pattern.
Retail-company signals are accelerating, up 165133% QoQ.