Delhivery IPO fully subscribed despite challenging market conditions

The institutional investor portion of the Delivery IPO issue was subscribed for nearly two times

Logistics services provider Delhivery’s IPO has managed to garner full subscription despite challenging market conditions. The issue was subscribed 1.12 times as at 1:10pm, data provided by the BSE showed.

The institutional investor portion of the issue was subscribed nearly two times. Other other categories are not yet fully subscribed.

Delhivery's Rs 5,235-crore offering requires at least 75 per cent subscription from institutional investors. The IPO has already crossed that threshold.

Delhivery has alloted Rs 2,346 crore worth of shares to 64 anchor investors at Rs 487 apiece, the upper end of its IPO price band. Amansa, Goldman Sachs, Aberdeen,