Delhivery IPO sees 4% subscription in first two hours; retail portion at 23%
Delhivery’s IPO was subscribed 4% within its first two hours of bidding, with the retail investor portion reaching 23% subscription.
Delhivery’s IPO was subscribed 4% in its first two hours of bidding, with the retail investor quota covered 23%.
Why this matters
The May 2022 IPO-opening data has resurfaced alongside recent coverage of Delhivery’s view that Shein’s India return could expand ecommerce, keeping focus on the company’s market position and growth backdrop.
The retail-company theme is accelerating, up +206957% QoQ.