Resurfacing a May 2022 move: Delhivery IPO reached 4% subscription; retail tranche covered 23% in first two hours
Resurfacing details from May 11, 2022: Delhivery's IPO was subscribed 4% overall within two hours of opening. The retail-investor portion saw 23% subscription in the same period, indicating early individual-investor participation in the logistics platform's public-market debut.
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 signal repeats recent resurfaced coverage that Delhivery's May 2022 IPO reached 4% subscription in two hours and its retail quota reached 23%.
Retail-company theme is accelerating, up 167189% QoQ.