Delhivery IPO Drew Just 4% Subscription in Opening Two Hours; Retail Portion at 23% (Resurfacing a May 2022 Update)
Logistics and supply-chain provider Delhivery, a key backbone for Indian e-commerce and retail operators, saw its IPO subscribed only 4% overall in the first two hours, according to a resurfaced report from its May 2022 listing process. The retail quota led early demand at 23% covered, signaling a slow institutional start.
Delhivery's IPO was subscribed 4% overall within the first two hours of opening, with the retail portion covered 23%. Delhivery is a key logistics/supply-chain player for Indian e-commerce and retail operators.
Why this matters
This resurfaced May 2022 update mirrors recent signals on Delhivery's slow IPO start, with retail leading at 23%. It follows Delhivery's Primaseller acquisition, underscoring its role as a retail and e-commerce logistics backbone.
Retail-company signals are accelerating, up +863500% QoQ.