In May, 4.5 million IPO mandates were created through UPI and a record 2.4 million mandates got executed, data shows
Weak secondary market conditions weigh on listing-day performance
Bonuses in FY22 ranged from 100 to 200% of annual pay
Seven cornerstone investors have agreed to subscribe for $570 million worth of shares in the IPO
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
This week, three initial public offerings (IPOs) hit the market
The institutional investor portion of the Delivery IPO issue was subscribed for nearly two times
The LIC IPO sold in the range of Rs 902-949 from May 4 to May 9
The Supreme Court on Thursday refused to grant any interim relief and stay the Life Insurance Corporation (LIC) IPO share allotment on a batch of pleas filed by some policy holders.
However, Delhivery's growth opportunities, its business model and revenue trajectory are positive triggers, say brokerages
Delhivery's IPO size is Rs 5,235 crore, the second-biggest after LIC this year
Move to have a separate quota for policyholders proves a game-changer, say experts
The proposed IPO will comprise fresh issuance of equity shares aggregating up to Rs 500 crore
Industry players said the refund process for LIC's IPO will complete on May 13 - the same day when Delhivery IPO closes
The initial share-sale will be open for public subscription on May 11 and conclude on May 13
The Ahmedabad-based firm's IPO will open from May 10 to May 12
Sees participation from 3.6 mn individual investors; policyholders lead
Interestingly, LIC's IPO will remain open for subscription even on the weekend, given the large amount the government is looking to raise from the market
Didi's shares were down 7% in US pre-market trading, deepening an 85% loss since its initial public offering in the summer of last year
The non-institutional category, consisting of corporates, individuals, and others has seen muted demand, with only 5 per cent subscription so far