Delhivery IPO draws 4% subscription in first two hours; retail tranche at 23%
Delhivery’s IPO was subscribed 4% overall within the first two hours of bidding, with the retail investor portion reaching 23% subscription.
Delhivery’s IPO was subscribed 4% overall within its first two hours of bidding, while the retail investor portion reached 23% subscription.
Why this matters
The update reinforces recent Delhivery signals showing 4% overall IPO subscription and 23% retail-book subscription in the first two hours of bidding.
Retail-company signals are accelerating, up 222167% QoQ.