Delhivery IPO subscribed 163% on final day as QIBs drive demand, retail lags at 0.57x
Delhivery's Rs 5,235 crore IPO closed 1.63x subscribed, led by QIBs at 2.66x while retail investors covered just 0.57x and NIIs 0.30x. The logistics firm's Rs 4,000 crore fresh issue funds growth and acquisitions; Carlyle and SoftBank partly exited via the Rs 1,235 crore OFS. Price band Rs 462-487.
Delhivery's Rs 5,235 crore IPO closed subscribed 163%, driven by QIBs at 2.66x while retail lagged at 0.57x. The logistics firm's fresh issue funds growth and acquisitions; Carlyle and SoftBank partly exited via OFS.
Why this matters
The IPO follows Alpha Wave's full exit via Rs 665 crore bulk deals at Rs 460/share, marking the second marquee VC to monetise. Ventura recently backed Delhivery with upside targets alongside Urban Company and Ather.
Retail-company signals accelerating at +556500% QoQ.