Advertisement
trendingNowenglish2466672https://zeenews.india.com/markets/delhivery-stock-market-debut-today-will-investors-make-or-lose-money-check-time-listing-price-and-other-details-2466672.html

Delhivery stock market debut today: Will investors make or lose money? Check time, listing price and other details

The initial public offer (IPO) of the supply chain company Delhivery was subscribed 1.63 times on the final day of subscription that ended May 13, with all eyes now set upon its listing today.

Delhivery stock market debut today: Will investors make or lose money? Check time, listing price and other details

New Delhi: Supply chain company Delhivery will make its stock market debut on Tuesday, May 24. The listing of Delhivery will take place at 10 am today.

The initial public offer (IPO) of the supply chain company was subscribed 1.63 times on the final day of subscription that ended May 13, with all eyes now set upon its listing today.

Delhivery provides a full range of logistics services, including express parcel delivery, heavy goods delivery and warehousing.


Delhivery IPO subscription status


According to the NSE data, the offer received bids for 10,17,04,080 shares against 6,25,41,023 shares on offer, on the last day of subscription. Qualified institutional buyers portion attracted 2.66 times subscription, while the category for retail individual investors was subscribed 57 per cent and that for non institutional investors 30 per cent.


Delhivery IPO GMP today, listing status

The initial public offer had a price range of Rs 462-487 per share. Delhivery shares may witness a weak debut at stock markets given the high volatility in the markets, believe experts. Grey market observers also pegged the shares of Delhivery at a discount of Rs 5. This leads experts to opine that Delhivery shares would list at around Rs 482 (Rs 487 - Rs 5).

Delhivery IPO details

The company's Rs 5,235-crore public issue comprises a fresh issue of up to Rs 4,000 crore and an offer for sale of up to Rs 1,235 crore. Under the OFS, investors Carlyle Group and SoftBank as well as Delhivery's co-founders will divest their shareholding in the logistics company. Morgan Stanley India Company, Kotak Mahindra Capital Company, BofA Securities India and Citigroup Global Markets India are the managers to the offer. Proceeds of the fresh issue will be used towards funding organic growth initiatives, funding inorganic growth through acquisitions and other strategic initiatives and for general corporate purposes.

Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.

NEWS ON ONE CLICK