Delhivery IPO Resurfaces: Recalling Its Slow Start With Just 4% Subscribed, Retail Portion 23% on Day One
Resurfacing a May 2022 milestone: the Gurugram-based logistics unicorn's INR 5,235 Cr IPO (INR 4,000 Cr fresh issue + INR 1,235 Cr OFS) saw muted early demand within the INR 462-487 price band, valuing the SoftBank- and Tiger Global-backed firm near $6.4 Bn. Bidding ran May 11-13, 2022.
Delhivery's IPO saw muted first-day demand with 4% overall subscription; retail investors covered 23% as the logistics unicorn seeks INR 5,235 Cr, valuing it near $6.4 Bn.