Delhivery IPO's Tepid Day-One Demand Resurfaces: Just 4% Subscribed, Retail Portion 23% (May 2022)
Resurfacing a May 2022 move, Gurugram-based logistics unicorn Delhivery's INR 5,235 Cr IPO—backed by SoftBank—had opened to muted investor interest, with retail investors covering only 23% of their quota in the first two hours against a INR 462-487 price band.
Delhivery's IPO saw tepid demand on day one, with overall subscription at 4% and retail category at 23%, amid a INR 5,235 Cr issue for the logistics unicorn.