Delhivery IPO Opens Slow: 4% Subscribed, Retail Portion 23% Covered in First Two Hours
Delhivery's IPO drew 4% overall subscription in its first two hours on May 11, 2022, with the retail portion covered 23% in the same window. As a logistics backbone for Indian e-commerce and quick commerce, its market debut is a bellwether for the sector.
Delhivery's IPO opened May 11, 2022, drawing 4% overall subscription within the first two hours, with the retail portion covered 23% in the same window. Delhivery is a logistics backbone for Indian e-commerce and quick commerce operators.