Delhivery IPO opened on May 11 2022 and closed on May 13, 2022. The Delhivery IPO face value was Rs 1 per share and Delhivery IPO price was between Rs 462 to Rs 487 per share. The lot size was 30 shares. Delhivery IPO was subscribed 1.63 times. It is worth mentioning that Delhivery's shares listed at Rs 493 per share on BSE and Rs 495.2 per share on NSE, higher from its IPO price of Rs 487. Check the key details below:
1. Shares prices at BSE, NSE today
The leading Gurugram based logistics company listed at Rs 493 per share than its issue price of Rs 487 per share, registering a gain of 1.2% on the BSE while on the NSE it was listed at Rs 495.2 registering a gain of nearly 1.68%. Today, the share price of Delhivery was recorded at Rs 536. 25 at NSE thus ending with a gain of 10.11%. The share price today at the BSE recorded at Rs 536.25 thus gaining 10.11% here too.
2. Delhivery IPO DRHP filing
The logistic company had filed the Draft Red Herring Prospectus (DRHP) for an offer of Rs 7640 crore in the month of November, 2021. But later it decided to bring down the offer by nearly a third to Rs 5, 235 crore because of market volatility. With continuously prevailing and rising market volatility, Delhivery IPO remained firm with its IPO. Ahead of its IPO, Delhivery IPO managed to raise Rs 2,347 crore from 64 anchor investors.
3. Delhivery IPO GMP
According to the viewpoints of market experts, grey market sentiments for the public issue remained lackluster. According to experts, Delhivery shares remain available at a discount of Rs 3. Experts say that logistic company IPO grey market premium (GMP) remained minus Rs 5 that indicates that the grey market hopes that Delhivery IPO listing might be approximately Rs 482 (Rs 487 -Rs 5). It appears to be a sluggish listing of the public issue worth Rs 5,235 crore.
4. Delhivery Financial health
As per the logistic company's share-sale prospectus, Delhivery never reported a profit. It registered a loss of Rs 891.14 crore for nine months that came to an end in December, 2021. It incurred a loss of Rs 415.7 core in FY2021. Meanwhile, revenue was recorded at Rs 4,911 crore in these nine months that ended in December 2021 and Rs 3,838 crore in Financial Year 2021. The company registered a negative free cash flow of Rs 246 crore in 2021 against Rs 848 crore in 2020. Experts say that Delhivery IPO did not have encouraging financials till date and company's valuation is costly too.