Delhivery IPO draws 4% subscription in first two hours; retail book at 23%
Logistics platform Delhivery’s IPO was subscribed 4% within its first two hours of bidding, while the retail investor quota saw 23% subscription.
What happened
Delhivery’s IPO was subscribed 4% in its first two hours of bidding, with the retail investor portion receiving 23% subscription.
Key facts
- 4% total subscription
- 23% retail portion subscription
- first two hours of bidding
Why this matters
Delhivery’s IPO reception provides an early valuation and sentiment benchmark for logistics, fulfilment, and supply-chain technology assets relevant to partnership or acquisition pipelines.
What to watch
- QIB subscription level in the final two days of bidding
- Overall subscription crossing 1x before close
- Anchor allocation composition and concentration
- Grey-market premium trend versus issue price
- Peer logistics and new-age-tech stock performance during the offer period
- Post-listing guidance on profitability, shipment growth and warehouse expansion
- Track daily QIB, HNI and retail subscription separately, with particular focus on final-day institutional bids.
- Monitor grey-market premium, anchor-investor quality and any changes to price-band commentary from brokers.
- Watch whether ecommerce, D2C and marketplace clients use the IPO visibility to deepen fulfilment and last-mile partnerships with Delhivery.