Resurfacing A May 2022 Move: Delhivery's ₹5,235 Cr IPO Was Off To Slow Start, Just 4% Subscribed In First Two Hours
Recalling May 11, 2022: Retail investors covered 23% of their quota while institutional and non-institutional demand lagged at 3%, as Delhivery's IPO priced at ₹462-487 opened; issue closed May 13 with backers SoftBank, Tiger Global and Carlyle among sellers.
Delhivery's Rs 5,235 Cr IPO saw only 4% overall subscription in first two hours; retail investors covered 23%, institutional demand yet to pick up, offer closes May 13.