NEW DELHI: Two initiations of coverage on the same day on recently listed Delhivery had two entirely different calls. While Credit Suisse came out with an outperform rating on the stock, believes people should sell the stock. The bearish view of the latter is because IIFL Securities sees valuations to be building in the seamless … Read more
Credit Suisse (CS) has initiated coverage on Delhivery with an ‘outperform’ rating due to favourable industry structure and structural growth in e-commerce volumes. The same brokerage has maintained its ‘underperform’ rating on . CLSA said LemonTree is a ‘buy’ while Nomura India has a similar recommendation for (). In the case of Delhivery, Credit Suisse … Read more
Mumbai: Logistics company Delhivery has raised ₹2,347 crore from 64 anchor investors ahead of its maiden initial public offering, which will open for subscription Wednesday, May 11. About 48 million shares were allotted to anchor investors at ₹487 each, the upper end of the price band for the IPO, according to investment bankers. Some of … Read more
New Delhi: Giving a cold shoulder to the mayhem in secondary markets, there is an ongoing fundraising fest in the primary markets, which recently got their mojo back. In just a fortnight, domestic equity markets would see half a dozen companies raising close to Rs 30,000 crore from the investors via their initial primary offerings … Read more
The Securities and Exchange Board of India (Sebi) is learnt to have approved the proposed Rs 7,460-crore initial public offering (IPO) of Delhivery, people aware of the matter told ET. This makes the Gurugram-based new-age logistics startup the first unicorn this year to have obtained the stock market regulator’s nod to list on domestic bourses. … Read more
New Delhi: Supply chain services provider Delhivery on Wednesday said it aims to create over 15,000 seasonal openings across operations over the next few weeks in the run-up to the festive season. The company is also geared up to handle 65-75 million packages in the upcoming festive season, which is almost a 100 per cent … Read more