delhivery closed its much-awaited #IPO on day 3 with subscription at 1.63 times, driven by qualified investors oversubscribing by 2.26 times.

As of Day 3 of bidding, the Delhivery IPO saw a subscription of 1.63 times against the shares on offer, which was mainly due to a superb response by Qualified Institutional Buyers (QIB).