Delhivery IPO sees 4% subscription in first two hours; retail portion at 23%
Delhivery’s IPO was subscribed 4% in the first two hours of bidding, while the retail investor quota received 23% subscription, signalling an early read on investor demand for the logistics platform.
Delhivery’s IPO was subscribed 4% in its first two hours of bidding, with the retail investor portion receiving 23% subscription.
Why this matters
The reading aligns with recent signals on Delhivery’s 4% first-two-hour IPO subscription and 23% retail book, including a resurfaced May 2022 update.
Retail-company signals are accelerating, up 1,088,100% QoQ.