Delhivery: Company’s stock lists at 1.7% premium
- ByStartupStory | May 24, 2022
Delhivery, the largest and fastest-growing fully integrated logistics provider with revenue, launched its IPO in May. On Tuesday, the shares of Delhivery Limited were trading at a premium. Delhivery shares opened at Rs 493, up 1.2% from the asking price of Rs 487 per share. At NSE, Delhivery’s share price started at Rs 495.2, up 1.7% from the IPO price cap.
Notably, the price ranges from 462 rupees to 487 rupees per piece. At the upper limit of the price range, the company aimed to raise Rs 5,235 from a public offering.
However, the Delhivery IPO encountered a modest response from investors during the subscription period. The public version was booked 1.63 times, according to the dates available on NSE. The Delhivery IPO received an offer of 6.25 billion shares, compared to an offer of 10.17 billion shares.
The portion assigned to non-institutional investors (NII), retailers and qualified employees was subscribed at 30 percent, 57 percent, and 27 percent, respectively.
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