Resurfacing a May 2022 move: Delhivery IPO saw 4% subscription in first two hours; retail portion reached 23%
Resurfacing details from May 11, 2022: Delhivery’s IPO was subscribed 4% overall within two hours of opening, while the retail-investor allocation was 23% subscribed.
What happened
Delhivery’s IPO was subscribed 4% overall within its first two hours of bidding on May 11, 2022. The retail-investor portion saw 23% subscription during the
Key facts
- 4% overall subscription
- 23% retail investor portion subscription
- two hours
- May 11, 2022
Why this matters
The IPO’s early retail-led demand underscores Delhivery’s public-market brand visibility, while the muted overall uptake may shape valuation benchmarks for logistics-sector transactions.