After a muted debut, shares of logistic startup Delhivery saw increased buying even as benchmark indices ended with a minor cut on Tuesday.
Shares of supply chain company Delhivery Ltd on Tuesday made a muted market debut listing with a nearly 2 per cent premium against its issue price of Rs 487.
Similarly, employees booked only 27% of their portion while non-institutional investors bid for 30% shares of the allotted quota.
On first day of its bidding, the initial public offering (IPO) of Delhivery received 21%subscription against the issue size of 6.25 cr shares.
Logistic and supply chain company Delhivery will launch its initial public offering (IPO) on May 11, and has fixed a price band of Rs 462- Rs 487 per share.
FedEx Express strategic alliance transaction has taken effect following satisfaction of closing conditions including regulatory approval from the Competition Commission of India.