Delhivery IPO draws 4% subscription in first two hours; retail portion at 23%
Delhivery’s IPO was subscribed 4% overall in its first two hours of bidding, while the retail investor quota saw 23% subscription, according to Inc42.
Delhivery’s IPO was subscribed 4% overall, with the retail investor portion subscribed 23% in its first two hours of bidding.
Why this matters
The early demand reading resurfaces Delhivery’s May 2022 IPO signal, when overall subscription hit 4% in two hours and retail demand reached 23%. It follows another recent signal on the same IPO milestone and Delhivery’s view that Shein’s return could aid Indian ecommerce.
Retail-company signals are accelerating, up 205000% quarter over quarter.