Delhivery IPO sees 4% overall subscription in first two hours; retail tranche reaches 23%
Delhivery’s initial public offering was subscribed 4% overall during its first two hours of bidding, with the retail-investor portion attracting 23% subscription.
Delhivery’s IPO was subscribed 4% overall in its first two hours of bidding, while the retail-investor portion was subscribed 23%.
Why this matters
The IPO update follows Delhivery CEO’s view that Shein’s India return is positive for ecommerce, adding a market-demand indicator to recent signals around India’s ecommerce sector.
Retail-company signals are accelerating, up 223683% QoQ.