Delhivery IPO logs last-minute surge in QIP that pushed ₹5,235 cr issue
Sat, May 14, 2022 5:11 PM

Delhivery IPO logs last-minute surge in QIP that pushed ₹5,235 cr issue

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Delhivery logged a last-minute flood of demands from qualified institutional buyers in its IPO. The surge pushed through its ₹5,235 crore IPO on the final day as the category got oversubscribed by 2.6 times on the third day. The IPO received cumulative bids of about 101.6 million shares against the offered size of 62 million - fully subscribing by 1.6 times.

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