Delhivery IPO draws 4% subscription in first two hours; retail tranche at 23%
Logistics company Delhivery’s IPO was subscribed 4% overall within the first two hours of bidding, with the retail investor portion receiving 23% subscription.
Delhivery’s IPO was subscribed 4% overall in its first two hours of bidding, while the retail investor portion received 23% subscription.
Why this matters
The early bidding update follows related Delhivery signals reporting 4% overall IPO subscription and 23% retail subscription within the first two hours.
Retail-company signals are accelerating, up 223217% QoQ.