Delhivery, a logistics services firm, made a premium debut on the bourses on Tuesday. The firm s shares were listed at a premium of 1.68 per cent against the issue price. Delhivery shares were offered at a price band of Rs 462 to Rs 487, while the stock was listed at Rs 495.20 on the NSE.
The market cap of Delihvery was at the time of the listing at Rs 35,877 crore on the NSE, whereas total 3.68 lakh shares of the firm changed hands, leading to a turnover of RS 18.24 crore on the exchange. The stock was listed at Rs 493, a 1.23 per cent higher than the IPO price. The firm's m-cap stood at Rs 35,718 crore whereas total 7,375 shares changed hands, resulting in a turnover of Rs 36.35 lakh on the exchange.
Netizens shared their reactions on the exchanges to the premier listing of the logistics firm.
A user wrote, What does this IPO have that Paytm didn't. I think if Paytm was offered at the same value, it probably would have been bought too and with an issue size cut. We've all done it in the past. The people saw the value in current levels of this compared to Paytm above 1,000. Delhivery raised Rs 5,235 crore from its IPO and the issue was subscribed to 163 per cent on the third and final offer on May 13. The IPO opened on May 11. It received bids for over 10.16 crore shares against 6.25 crore shares on the offer.
The issue price is subject to 68% of a 68% premium.