Delhivery IPO Opens Today: Should You Subscribe? Know All Details Here

On Wednesday, May 11, subscriptions for Delhivery's Rs 5,235 crore initial public offering (IPO) opened. The IPO will close on 13 May 2022. The IPO price range has been set between Rs 462 and Rs 487 per share.

It will raise Rs 4,000 crore through a new share offering. Existing shareholders' bid to sell is estimated to bring Rs 1,235 crore. Investors can bid for a minimum of 30 equity shares and then in increments of 30 shares. Retail investors can pay as little as Rs 14,610 for one lot and as much as Rs 1,89,930 for 13 lots.

Qualified institutional buyers (QIBs) will receive 75% of the offer, non-institutional bids would receive 15%, and retail investors will receive 10%.

The stock will be allocated on May 19 and credited to successful applicants' accounts on May 23, one day before it is launched on the stock exchanges.

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The stock has been picked from the brokerage report of ICICI Direct Research. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decisions.