Delhivery IPO reaches 4% subscription in first two hours; retail book at 23%
Delhivery’s IPO was subscribed 4% overall within the first two hours of bidding, while the retail investor portion reached 23% subscription, signalling early retail interest in the logistics platform’s public-market debut.
Delhivery’s IPO was subscribed 4% overall in its first two hours of bidding, with the retail investor portion subscribed 23%.
Why this matters
The IPO follows Delhivery's 2021 acquisition of Primaseller, a retail-tech platform that expanded its ecommerce seller capabilities and has recently resurfaced in related signals.
The retail-company theme is accelerating, up +949300% QoQ.