Delhivery IPO Off to Slow Start: 4% Total Subscription, Retail at 23% in First Two Hours
Delhivery's public issue opened to muted demand, drawing just 4% total subscription in the first two hours. The retail investor category outpaced the overall book at 23% covered over the same window, signaling stronger appetite from individual investors early on.
Delhivery's IPO saw a subdued opening, with total subscription at just 4% in the first two hours. The retail investor category showed stronger demand at 23% covered during the same period.
Why this matters
The IPO caps an active stretch for Delhivery, which recently acquired retail-tech startup Primaseller to deepen its ecommerce and omnichannel capabilities ahead of tapping public markets.
Retail-company signals are accelerating, up 884500% QoQ.