Delhivery IPO: Share rises nearly 10% after listing

Delhivery IPO Share Price rises nearly 10%

The IPO hardly sailed through, and retail investors barely participated despite the company reducing its issue size to Rs 5,235 crore as compared to Rs 7,460 crore earlier. Source: moneycontrol

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Delhivery Limited saw its shares rising nearly 10 percent in late morning trade after making a muted listing on May 24.

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The stock opened at Rs 493, against an issue price of Rs 487 on the BSE, while the listing price on the NSE was Rs 495.20.

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The Gurugram-based company became a unicorn - valued at over $1 billion - when it raised $413 million in a Series F round led by SoftBank Vision Fund in 2019.

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