Delhivery's ₹5,235 Cr IPO Off to Slow Start: Resurfacing May 2022 Day-One Data Showing Only 4% Subscribed, Retail Portion at 23%
Resurfacing a May 2022 update on logistics unicorn Delhivery's IPO, priced at ₹462-₹487 with a ₹4,000 Cr fresh issue and ₹1,235 Cr OFS, which saw tepid retail interest in its first two hours, adding to concerns about investor appetite for Indian tech/e-commerce listings.
Delhivery's ₹5,235 Cr IPO saw tepid day-one demand, with retail portion 23% subscribed; logistics unicorn's listing seen as bellwether for Indian e-commerce/tech valuations.