Delhivery IPO subscribed 1.63x on QIB support, Venus Pipes subscribed 16.3x

The QIB portion of the Delhivery IPO garnered 2.66 times subscription, with bids worth Rs 4,385 cr. QIBs also invested Rs 2,346 cr through anchor book

Logistics major Delhivery Rs 5,235-crore initial public offering (IPO), the second largest of the year, managed to sail through due to strong support by institutional investors. The so-called qualified institutional buyer (QIB) portion of the IPO garnered 2.66 times subscription, with bids worth Rs 4,385 crore. In addition, QIBs also invested Rs 2,346 crore through the anchor book.

Other investor categories, however, failed to garner full subscription. The retail portion was subscribed 26 per cent and the high-networth individual (HNI) portion garnered 56 per cent subscription. The undersubscribed shares will be allotted to QIBs. The IPO required at least 75