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Logistics firm Delhivery tests mood for India IPOs after LIC's muted debut

Delhivery is set to list on Tuesday after an initial public offering (IPO) that raised Rs 5,235 crore ($684 million) - India's second-largest this year after LIC's milestone deal

Delhivery was, till recently, planning to launch an IPO, but experts believe those plans would be put on the backburner
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Filipe Pacheco I Bloomberg
The first day of trade for logistics company Delhivery will give an indication of appetite for newcomers in Mumbai shortly after Life Insurance Corporation (LIC) of India’s frustrating debut.

Delhivery is set to list on Tuesday after an initial public offering (IPO) that raised Rs 5,235 crore ($684 million) — India’s second-largest this year after LIC’s milestone deal. Similarities between the two offerings include a cut in final proceeds, a delay on the back of volatile markets, and a rush by funds to place bids in the final hours.

The logistics and supply chain start-up and shareholders were initially seeking to raise

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First Published: May 24 2022 | 12:06 AM IST

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