Resurfacing a May 2022 update: Delhivery IPO saw 4% subscription in first two hours; retail quota reached 23%
Resurfacing details from May 11, 2022: Delhivery’s IPO was subscribed 4% overall within the first two hours of bidding that day. The retail investor portion had drawn 23% subscription, indicating stronger early participation from individual investors than from other categories at the time.
Delhivery’s IPO was subscribed 4% overall within its first two hours of bidding on May 11, 2022, while the retail investor quota was subscribed 23%.
Why this matters
The resurfaced May 2022 data point aligns with recent signals revisiting Delhivery's IPO opening, including reports of 4% overall subscription and 23% retail subscription in two hours.
The retail-company theme is accelerating, up +166711% QoQ.