Shares of logistics and supply chain startup Delhivery have slid below the IPO price in the grey market ahead of listing on May 24. Here's a list of initial public offerings (IPOs) scheduled to be listing this week.
Brokerages had positive reviews about the prospects of the company and recommend investors to ‘subscribe’ to the public issue given its fair valuations compared to its peers.
The company aims to mop-up Rs 1,501 crore by a combination of fresh issue of equity shares aggregating upto Rs 1,004 crore and an offer for sale of 118,507,493 Equity shares with face value of Rs 10 each aggregating upto Rs 497.73 crore.