The Delhivery IPO, held from May 11 to May 13, 2022, had a total issue size of ₹5,235 crore, with a price band set between ₹462 and ₹487 per share. Despite a negative Delhivery IPO GMP of ₹-10, indicating a potential discount of 2.05%, the stock listed on May 24, 2022, at ₹495.20, surpassing the allotment price. This shows that even though the Delhivery IPO GMP was negative, the market response was positive. If you want to learn how to analyze IPOs like this, GRM IIT offers top-tier trading education to help you make informed decisions.
What is Delhivery? Understanding the Company and Its IPO GMP
Delhivery is a leading logistics and supply chain services provider in India, serving over 21,000 clients, including e-commerce companies and SMEs. Established in 2011, Delhivery operates a technology-driven network, making it a key player in the Indian logistics market. The Delhivery IPO GMP gained attention due to the company’s potential, even though initial market sentiment reflected caution.
Delhivery IPO GMP: Key Data Points
Here’s a quick summary of the critical information regarding the Delhivery IPO GMP and other related details:
| Details | Description |
|---|---|
| Issue Size | ₹5,235 crore |
| Price Band | ₹462 – ₹487 per share |
| Lot Size | Minimum of 30 shares |
| Employee Discount | ₹25 per share for eligible employees |
| IPO Open Date | May 11, 2022 |
| IPO Close Date | May 13, 2022 |
| Listing Date | May 24, 2022 |
| GMP (Grey Market Premium) | ₹-10 (negative) |
Despite the negative Delhivery IPO GMP of ₹-10, the shares listed at ₹495.20, reflecting a strong market demand that exceeded expectations.
Delhivery IPO GMP: What Does It Mean?
The Delhivery IPO GMP refers to the Grey Market Premium, an indicator of investor sentiment before the official listing. A negative Delhivery IPO GMP of ₹-10 suggested a possible discount of around 2.05% from the expected price of ₹477. However, the actual listing at ₹495.20 demonstrated that the stock outperformed despite initial concerns.
Why the Delhivery IPO GMP Matters:
- Market Sentiment: The negative Delhivery IPO GMP signaled caution among investors, but the stock eventually listed at a premium.
- Investor Outlook: Although the Delhivery IPO GMP was negative, the strong demand for the company’s shares pushed the listing price higher.
Delhivery IPO GMP and Subscription Data
The Delhivery IPO received strong interest, with a subscription rate of 1.31 times across different investor categories, despite the negative Delhivery IPO GMP:
| Investor Category | Subscription Rate |
|---|---|
| Retail Investors | Moderate |
| Qualified Institutional Buyers (QIBs) | Strong |
| Non-Institutional Investors (NIIs) | Moderate |
This subscription data highlights how the IPO attracted investors even though the Delhivery IPO GMP was negative.
Understanding the Importance of Delhivery IPO GMP for Investors
The Delhivery IPO GMP is a crucial factor for those looking to invest in IPOs. Here’s how it impacts decision-making:
- Positive GMP: Indicates that a stock may list at a price higher than expected.
- Negative GMP: As in the case of the Delhivery IPO GMP, it suggested a possible lower listing price. However, the strong fundamentals of Delhivery led to a higher-than-expected listing.
Important Dates for Delhivery IPO and GMP
For investors, it’s important to keep track of key dates related to the Delhivery IPO GMP and the overall process:
| Event | Date |
|---|---|
| IPO Opening Date | May 11, 2022 |
| IPO Closing Date | May 13, 2022 |
| Basis of Allotment Finalization | May 19, 2022 |
| Listing Date | May 24, 2022 |
Despite a negative Delhivery IPO GMP, the stock’s actual listing at ₹495.20 was well above the expected price, showcasing the company’s strength.
Delhivery IPO GMP: The Final Analysis
In conclusion, the Delhivery IPO GMP reflected cautious market sentiment, but the IPO’s final listing price outperformed expectations. Investors must take multiple factors into consideration, including market conditions, company fundamentals, and the Delhivery IPO GMP, before making decisions.
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