Business Standard

Delhivery jumps over 10% post tepid debut: Should you hold or sell shares?

Analysts remain mixed over the Gurgaon-based logistics firm Delhivery due to volatile market conditions and loss-making nature of the company.

Delhivery was, till recently, planning to launch an IPO, but experts believe those plans would be put on the backburner
Web Exclusive Premium

Lovisha Darad New Delhi
Logistics firm Delhivery debuted bourses at Rs 493, 1.23 per cent higher from its upper price band on Tuesday at the BSE. The stock hit a high of Rs 543, 10 per cent up from its listed price on the BSE. In comparison, the S&P BSE Sensex remained flat at 54,200 levels. Delhivery’s Rs 5,235 crore initial public offering (IPO), the second-biggest that markets saw in 2022 after Life Insurance Corporation of India (LIC), was subscribed 1.63 times on the final day.

While the issue saw bumper response from qualified institutional buyers with 2.66 times subscription, retail investors and non-institutional

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 24 2022 | 12:15 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com