Delhivery IPO reaches 4% subscription in first two hours
Delhivery’s IPO was subscribed 4% in its first two hours of bidding, with the retail investor portion covered 23%, according to the scouted Inc42 item.
Delhivery’s IPO subscription update referenced total subscription of 4 and retail coverage of 23 in the opening two hours. The underlying Inc42 article was inaccessible due to a 403 Cloudflare verification page.
Why this matters
The update follows an earlier Delhivery IPO subscription alert whose figures were unverified and aligns with a subsequent report of 4% overall subscription. It also follows the CEO’s view that Shein’s return could support Indian ecommerce.
Retail-company signals are accelerating, up +204671% QoQ.