On Thursday, the share distribution for Delhivery's initial public offering (IPO) was decided. The market's reaction to the eagerly anticipated Rs 5,235 crore Delhivery IPO was tepid during the subscription period. The offer attracted interest mostly from qualified institutional buyers, or QIBs. According to NSE data, the Delhivery IPO was subscribed 1.63 times.
Investors can now verify the status of their application for Delhivery IPO shares. There are two ways to determine whether or not you have received Delhivery shares: a) through the BSE, and b) on the registrar's website.
How to Check Share Allotment Status of Delhivery IPO via BSE
a) Access the BSE website directly at bseindia.com/investors/appli check. aspx and log in.
b) Select "Equity" from the issue type list.
c) In the drop-down menu next to the issue name, choose Delhivery Limited.
c) Enter the application number for your Delhivery IPO.
d) Provide your PAN information
e) Select the "I'm not a robot" box.
f) Press the "Submit" button.
The official registrar for Delhivery IPO is Link Intime India Private Limited. Bidders can also check their share allotment status on the registrar’s website once it is finalized.
A Step-by-step Guide to Check Allotment Status of Delhivery IPO via Link Intime India
1. Visit the website of Link Intime India Private Limited at https://linkintime.co.in/mipo/ipoallotment.html.
b) Next, pick Delhivery Limited from the dropdown menu. Investors need to be aware that the most recent IPO's name won't show up in the finalizedropbox until the allotment status is finalized.
d) Next, choose the PAN, DPID/Client ID, or application number.
d) After completing this, input the Delhivery IPO application number.
e) In the application type field, choose either ASBA or non-ASBA.
e) Next, you must complete the captcha.
f) Click the "Submit" button now.
The investor will see on the screen how many shares have been applied for and allocated to them.
On May 20, refunds for rejected bids will be credited. By May 23, those who received Delhivery shares will have them in their finalizedDemat accounts. On May 24, Delhivery stock will begin trading on stock exchanges.
Observers of the industry claimed that Delhivery's stake was only fetching a small premium in the black market. According to the Chanakya Ni Pothi website, the grey market premium for the Delhivery IPO was zero.
By revenue, Delhivery is the fully integrated logistics company in India that is expanding the fastest. It offers the whole spectrum of logistical services, such as express packages, e-commerce delivery, and delivery of big products. 23,113 active clients (ex-Spoton) from a variety of industries, including e-commerce, consumer durables, electronics, lifestyle, FMCG, industrial goods, automotive, healthcare, and retail products, make up its broad customer base.
"Delhivery has demonstrated strong growth and created a recognizable brand in a market that is plagued by fierce competition and low entry hurdles. The management aims to use a scale to further optimize, cross-utilize its network, and reduce expenses. It has a presence across all of India and has diversified into other segments (LTL, omnichannel, etc.). However, we anticipate additional development on the route of
ICICI Direct stated in a note that they have achieved positive cash flows.