Delhivery IPO: GMP, subscription status, other details. Should you subscribe or skip?
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Delhivery supply chain company on Tuesday raised ₹ 2,347 Crore from Investors Investor, before the initial public offering (IPO) which was opened to subscribe to public today and will end on May 13. The company has set a price band ₹ 462-487 a shares for the sale of initial shares ₹ 5,235-prore.
At 11:55 in the morning on day 1, Delhivery IPO subscribed 0.04x with the retail category ordered 0.20 times, employees 0.02x while NII and QIB have not bargained, BSE data shows.The size of the IPO has been cut into ₹ 5,235 crore from ₹ 7,460 crore planned previously. Public problems now consist of new issuance of equity shares worth ₹ 4,000 crore and supply for sale (ofs) components ₹ 1,235 crore by existing shareholders.
Under the ofs, investors Carlyle Group and Softbank and Founding Founders of Delhivery will release their share ownership in logistics companies.According to market observers, Premium (GMP) Delhivery is distributed flatly on ₹ 7 in the current gray market. The company’s shares are expected to register on the BSE and NSE stock exchanges on Tuesday, May 24, 2022.
“We recommend a subscription ranking from a long -term perspective considering it is the largest and fastest 3PL Express Parsel Delivery player, has an integrated infrastructure network, a large number of data intelligence and R&D, experienced professional management teams and strong relationships with various customer bases,” said yes securities.
This broker believes that the Delhivery Asset Light Business Model and the latest engineering and automation capabilities together with new age technology will help companies take advantage of their operating efficiency and increase profitability in the coming years.The results of new problems will be used to fund organic growth initiatives, funding inorganic growth through acquisitions and other strategic initiatives and for the general purpose of the company.
“Delhivery is making losses, which makes it difficult to be assessed based on income; Another registered competitor is generating profits with PBT margins ranging from 1.3% to 15.7%. Delhivery has a flexible scale and business advantage driven by technology, which needs to be tested in the Indian market that is sensitive to prices. There will be a tradeoff between growth and profitability for companies that will advance, and investors can wait for a better entry point to invest in companies, “Phillipcapital said in a note.
Delhivery supply chain company on Tuesday raised ₹ 2,347 Crore from Investors Investor, before the initial public offering (IPO) which was opened to subscribe to public today and will end on May 13. The company has set a price band ₹ 462-487 a shares for the sale of initial shares ₹ 5,235-prore. At 11:55 in…