Delhivery IPO sees 4% overall subscription in first two hours
Delhivery’s IPO was subscribed 4% overall within the first two hours of bidding, with the retail investor allocation receiving 23% subscription.
Delhivery’s IPO was subscribed 4% overall in its first two hours of bidding, while the retail investor portion received 23% subscription.
Why this matters
The IPO update follows recent Delhivery signals reporting 23% retail subscription in the first two hours and resurfacing its 2021 acquisition of retail tech platform Primaseller.
Retail-company signals are accelerating, up 254320% quarter over quarter.