Delhivery IPO Draws 4% Total Subscription in First Two Hours, Retail Portion at 23%
The e-commerce logistics player's IPO saw early bidding led by retail investors, whose portion was covered 23% within two hours, while overall subscription stayed muted at 4%.
Delhivery's IPO saw 4% total subscription in the first two hours, with the retail investor portion covered 23%. The e-commerce logistics player's offering saw retail demand lead early bidding while overall levels stayed low.
Why this matters
Delhivery's muted IPO opening echoes its May 2022 debut, which also showed 4% subscribed and retail at 23% in the first two hours, alongside recent Primaseller acquisitions expanding omnichannel commerce.
Retail-company signals are accelerating, up 857900% QoQ.