Resurfacing a May 2022 move: Delhivery IPO subscribed 4% in first two hours; retail portion at 23%
Resurfacing a May 11, 2022 update: Indian logistics and supply-chain company Delhivery’s IPO received 4% overall subscription within two hours of opening that day, with the retail investor quota subscribed 23%.
What happened
Indian logistics and supply-chain firm Delhivery’s IPO was subscribed 4% overall within its first two hours of bidding, while the retail investor portion was
Key facts
- 4% overall IPO subscription
- 23% retail portion subscription
- first two hours of bidding
- May 11, 2022
Why this matters
Strong early retail interest underscores public-market appetite for logistics exposure, though low initial overall subscription suggests valuation and institutional conviction remain key considerations.