Delhivery makes muted market debut; lists almost 2% increased

Shares of provide chain firm Delhivery Ltd on Tuesday made a muted market debut itemizing with an almost 2 per cent premium towards its concern value of Rs 487.

The inventory was listed at Rs 493, a acquire of 1.23 per cent from the difficulty value on the BSE. It later jumped 7.62 per cent to Rs 524.15.

At the NSE, it made its debut at Rs 495.20, up 1.68 per cent.

The preliminary share sale of Delhivery was subscribed 1.63 occasions earlier this month.

The public provide had a value vary of Rs 462-487 per share.

The concern of Rs 5,235 crore had a recent concern of as much as Rs 4,000 crore and a proposal on the market of as much as Rs 1,235 crore.

Delhivery supplies a full vary of logistics providers, together with specific parcel supply, heavy items supply and warehousing.