The logistics firm Delhivery has finally ended its IPO sell on 13th May 2022. The IPO subscribed 163% of its issue size of 62,541,023 equity shares. The response to the IPO was not over-enthusiastic, all other categories were undersubscribed except for the qualified institutional investors. The QIB category investors submitted bids up to 2.33 times the shares reserved for them i.e, 33,863,662 equity shares making it 54.15% of the total issue.
DELHIVERY IPO ALLOTMENT STATUS
Allotment of the Life insurance of India will be done on 24th May 2022. Details of Checking The allotment are given below:
DELHIVERY GREY MARKET PREMIUM
Delhivery is expected to have no to minimal listing gain as indicated by the grey market premium which is quoting at Rs2 above the higher side of the price band i.e, Rs 487.