The institutional investor portion of the Delivery IPO issue was subscribed for nearly two times
Both the IPOs close on Friday. Delhivery's IPO size is Rs 5,235 crore, second-biggest after LIC this year
Stocks to Watch Today: Aditya Birla Capital, Apollo Tyres, GSPL, HCC, L&T, RBL Bank, Siemens and Tata Motors ahead of Q4 earnings; Prudent Corporate Advisory Services IPO to close on Thursday.
Here are the top Business Standard headlines on Thursday
However, Delhivery's growth opportunities, its business model and revenue trajectory are positive triggers, say brokerages
A day earlier, Delhivery raised Rs 2,346 crore from 64 anchor investors
Delhivery provides supply chain solutions to a diverse base of 23,113 active customers such as e-commerce marketplace, direct-to-consumers e-tailers, and enterprises across several verticals.
Major risks to the operating model of the logistics player include its heavy reliance on e-commerce, despite diversifying into other industry verticals, analysts say
Delhivery's IPO size is Rs 5,235 crore, the second-biggest after LIC this year
Stocks to Watch Today: The primary market too is likely to be abuzz with activity with three IPOs namely - Delhivery, Prudent Corporate Advisory Services IPO and Venus Pipes IPO open for subscription.
Delhivery's Executive Director Sandeep Barasia explains to Surajeet Das Gupta the reason the firm is launching its initial public offering (IPO), which opens on Wednesday
The Indian logistics business is poised for tremendous expansion, and the IPO-bound Delhivery, with its focus on the fast-growing e-commerce market, has promising growth potential ahead of it
The stock, however, is unlikely to get added to the benchmark Nifty and Sensex indices anytime soon, he says .
Logistics company's anchor allotment on May 10 will demonstrate interest among investors for tech startups, say experts.
Delhivery's IPO will be second biggest this year after LIC
Offer is pegged to be around Rs 7,000 crore, rides on a positive outlook for sector
Oyo made preliminary filings in September aiming for an IPO in early 2022
The BharatPe saga raises questions about the impact of outsized investor shareholding in young enterprises
Investors sour on new tech offerings after calamitous listing of Paytm and the battering received by Zomato, Nykaa.
Supply chain company Delhivery has received capital markets regulator Sebi's approval to raise Rs 7,460 crore through an initial public offering