Delhivery IPO sees 4% subscription in first two hours; retail tranche reaches 23%
Delhivery’s initial public offering was subscribed 4% overall within the first two hours of bidding, with the retail-investor portion drawing 23% subscription.
Indian logistics and supply-chain platform Delhivery’s IPO was subscribed 4% overall in its first two hours, while the retail investor portion was subscribed 23%.
Why this matters
The update aligns with prior signals reporting Delhivery’s IPO at 4% overall subscription in two hours and 23% retail subscription, including a resurfaced May 2022 account of the same early bidding activity.
Retail-company signals are accelerating, up 205486% QoQ.