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

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

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.

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.