Resurfacing a May 2022 Moment: Delhivery's ₹5,235 Cr IPO Saw Tepid Start, Only 4% Subscribed, Retail Portion at 23% in First Two Hours
Revisiting Delhivery's mega IPO from May 2022, backed by SoftBank, Tiger Global and Carlyle, which opened to muted demand—retail investors covered 23% of their quota while institutional and NII bids lagged at just 2-4% overall in early bidding.
Delhivery's Rs 5,235 Cr IPO saw tepid demand, with total subscription at 4% and retail portion covered 23% in the first two hours of bidding.