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On the BSE, the counter was listed at a premium of simply 1 per cent or Rs 493, in comparison with the talked about subject worth.
By its preliminary public providing (IPO), Delhivery raised Rs 5,235 crore by providing its shares within the vary of Rs 462-487 apiece. The problem was open for subscription between Could 11-13.
Only a day earlier than IPO, the corporate shares have been exchanging fingers at par within the gray market, signalling a muted itemizing for the brand new age participant.
The problem obtained a weak response because it was general subscribed 1.63 instances. The portion reserved for certified institutional consumers was subscribed 2.66 instances, whereas the HNI quota was subscribed 30 per cent. The retail portion was booked 57 per cent.
Gurugram-based Delhivery is the most important absolutely built-in logistics companies participant in India by income. It has constructed a nationwide community in each state, servicing 17,045 PIN codes or 88.3 per cent of the 19,300 PIN codes in India.
The corporate has proprietary expertise methods that allow it to supply built-in Logistics companies to all kinds of shoppers. Its expertise stack consists of over 80 purposes for all provide chain processes.
It grew to become a unicorn in 2019 when it raised $413 million in a Sequence F spherical led by SoftBank Imaginative and prescient Fund. Delhivery supplies a full vary of Logistics companies, together with numerous value-added companies.
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