Delhivery shares jump over 10 pc in debut trade
Delhivery provides a full range of logistics services, including express parcel delivery, heavy goods delivery and warehousing. New Delhi: Shares of supply chain company Delhivery Ltd, which made a muted market debut earlier in the day, ended over 10 per cent higher on Tuesday against its issue price of Rs 487.
The stock listed at Rs 493, a gain of 1.23 per cent from the issue price on the BSE.
The stock listed at Rs 493, a gain of 1.23 per cent from the issue price on the BSE.
During the day, it rallied 16.81 per cent to Rs 568.90. It settled at Rs 537.25 apiece, a gain of 10.31 per cent.
On the NSE, the stock made its debut at Rs 495.20, up 1.68 per cent and ended at Rs 536.25 apiece, a jump of 10.11 per cent.
The company commanded a market valuation of Rs 38,923.93 crore on the BSE.
The initial share sale of Delhivery was subscribed 1.63 times earlier this month.
The IPO had a price range of Rs 462-487 per share.
The public issue of Rs 5,235 crore had a fresh issue of up to Rs 4,000 crore and an offer for sale of up to Rs 1,235 crore.
On the NSE, the stock made its debut at Rs 495.20, up 1.68 per cent and ended at Rs 536.25 apiece, a jump of 10.11 per cent.
The company commanded a market valuation of Rs 38,923.93 crore on the BSE.
The initial share sale of Delhivery was subscribed 1.63 times earlier this month.
The IPO had a price range of Rs 462-487 per share.
The public issue of Rs 5,235 crore had a fresh issue of up to Rs 4,000 crore and an offer for sale of up to Rs 1,235 crore.
Delhivery provides a full range of logistics services, including express parcel delivery, heavy goods delivery and warehousing.
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