Delhivery IPO Draws 4% Subscription in First Two Hours, Retail Portion Leads at 23%
Delhivery's public issue opened slowly with just 4% total subscription in its first two hours, though the retail investor portion was the most active at 23% coverage. The logistics player underpins e-commerce and D2C delivery for Indian retail operators.
Delhivery's IPO drew 4% total subscription in its first two hours, with the retail portion most active at 23% coverage. Logistics player Delhivery underpins e-commerce and D2C delivery for Indian retail operators.
Why this matters
Delhivery's IPO follows its recent acquisition of retail tech startup Primaseller, which pushed the logistics player beyond delivery into omnichannel and seller enablement software for retailers.
Retail-company signals are accelerating, up 831300% QoQ.