- Logistics startup is likely to announce its share allotment status today.
- The issue has been subscribed 1.63 times in the three days of subscription.
- The IPO will be listed on May 24 on exchanges.
The IPO was open for subscription from May 11 to May 13. The company received bids for ₹25.49 crore as against ₹2.05 crore worth of shares on offer.
In the first two days of subscription, the company struggled to get demand as only 24% of the issue was subscribed. The lack of demand was due to volatile market conditions that have spooked investors. Later, on the last day, the issue was subscribed 163% mainly because of oversubscription in the qualified institutional buyer category.
Investors stayed away from the IPO because of the fact that Delhivery is a loss-making$4. Not to forget, investors have already been bitten after investing in $4, whose shares have sunk down massively after listing.
Moreover, the grey market indicates a negative listing for the stock as the stocks are being traded at ₹5 discount to issue price of ₹487 in the unofficial market.
The portion reserved for retail investors was also not fully subscribed as it got only 57% of the bids against the shares on offer.
Here is how to
- Go to the $4 or NSE website $4.
- On BSE, Select 'Equity' and then from the dropdown, select ‘Delhivery’.
- Now, enter your application number and PAN.
- Click on 'Search'.
- Please note the details will only be available once the shares are allotted.
- Visit the registrar's website $4.
- Click on 'Select company' and click on ‘Delhivery’.
- Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
- Enter the captcha and click ’submit’.
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