Delhivery IPO draws 4% subscription in first two hours; retail tranche at 23%
Delhivery’s IPO was subscribed 4% within the first two hours of bidding, with the retail-investor portion receiving 23% subscription.
Delhivery’s IPO was subscribed 4% in its first two hours of bidding, while the retail-investor portion received 23% subscription.
Why this matters
The May 2022 IPO-demand signal resurfaces alongside another report of Delhivery’s 4% early subscription and a May 2023 CEO remark that Shein’s India return could lift ecommerce activity.
Retail-company signals are accelerating, up 183488% QoQ.