Delhivery IPO Draws Just 4% Subscription in First Two Hours, Retail Leads at 23%
Logistics and e-commerce fulfillment player Delhivery saw its IPO subscribed only 4% overall within the opening two hours on May 11, 2022. Retail investors were the most active tranche at 23%, while institutional and other segments lagged in early trading.
Logistics and e-commerce fulfillment player Delhivery's IPO was subscribed 4% overall within the first two hours of opening on May 11, 2022, with the retail investor portion the most active at 23%.
Why this matters
The IPO follows Delhivery's push beyond core logistics, including its acquisition of retail-tech startup Primaseller to build an omnichannel fulfillment stack. Early tepid demand signals investor caution ahead of the listing.
Retail-company signals are accelerating, up 828500% QoQ.