Delhivery IPO sees 4% subscription in first two hours; retail portion at 23%
Delhivery’s IPO received 4% overall subscription in the first two hours of bidding, with the retail investor category subscribed 23%, signalling early individual-investor interest in the logistics platform.
Delhivery’s IPO was subscribed 4% in its first two hours of bidding, while the retail investor category received 23% subscription.
Why this matters
The IPO update adds to Delhivery’s recent signal history, which includes a resurfaced May 2022 subscription update and the CEO’s May 2023 view that a Shein return could expand India’s ecommerce market.
The retail-company theme is accelerating, up +199229% QoQ.