Delhivery Ltd IPO GMP Today, Delhivery IPO Grey Market Premium Updates | Delhivery IPO Listing Gain, Latest target, Opening gain
Delhivery IPO date fixed, the initial public offer (IPO) to hit the market on May 11, 2022, and close on May 13, 2022. Delhivery Ltd IPO to raise ₹5,235 crores via IPO that comprises an offer for sale up to [-] equity shares of Rs.1 each. The retail quota is 10% with QIB 75% and HNI 15%.
Delhivery provides a full range of Logistics services, including delivery of express parcels and heavy goods, PTL freight, TL freight, warehousing, supply chain solutions, cross-border Express, freight services, and supply chain software. The company also offers value-added services such as e-commerce return services, payment collection and processing, installation & assembly services, and fraud detection. Delhivery is the largest and fastest-growing fully integrated Logistics services player in India by revenue as of FY21. The company has built a nationwide network, servicing 17,045 PIN codes in the six months ended June 30, 2021, or 88.3% of the 19,300 PIN codes in India.
Its 164-network infrastructure includes 124 gateways, 20 automated sort centres, 83 fulfilment centres, 35 collection points, 24 returns processing centres, 249 service centres, 120 intermediate processing centres, and 2,235 direct delivery centres as of June 30, 2021. The company has an engineering, data sciences, and product team of 474 professionals. The company served a diverse base of 21,342 active Customers across e-commerce, consumer durables, electronics, lifestyle, FMCG, industrial goods, automotive, healthcare, and retail.
Check out Delhivery Ltd IPO grey market premium, Kostak rates, and subject to sauda rates as of today.
Delhivery IPO Details:
|Issue Type||Book Built Issue IPO|
|Issue Period||Issue Opens: May 11, 2022|
|Issue Closes: May 13, 2022|
|Price Brand||₹462 to ₹487 Per Share|
|Issue Size||₹5,235 Crores|
|Face Value||Rs.1 per Equity Share|
|Market Lot||30 Shares|
|Maximum Bid amount for Retail||₹1,89,930|
|QIB||75% of the issue size|
|NIB||15% of the issue size|
|Retail Individual Bidders||10% of the issue size|
|Listing at||NSE & BSE|
|✔️ Apply With ?||UPSTOX Free DEMAT Account|
|UPCOMING IPO 2022||UPCOMING DIVIDEND|
|UPCOMING BUYBACK||UPCOMING BONUS 2022|
|Best Stocks to Buy||Latest IPO Grey Market Premium|
Delhivery IPO GMP Rates day by day
Delhivery IPO Grey market premium as of today
|Date||GMP (in INR)||Kostak (in INR)||Subject to Sauda|
|24 MAY 2022||₹0|
|23 MAY 2022||₹0|
|22 MAY 2022||₹0|
|21 MAY 2022||₹0|
|20 MAY 2022||₹0|
|19 MAY 2022||₹5|
|18 MAY 2022||₹5|
|17 MAY 2022||₹0|
|16 MAY 2022||₹0|
|15 MAY 2022||₹0|
|14 MAY 2022||₹0|
|13 MAY 2022||₹0|
|12 MAY 2022||₹0|
|11 MAY 2022||₹0|
|10 MAY 2022||₹0|
|09 MAY 2022||₹0|
|08 MAY 2022||₹0|
|07 MAY 2022||₹0|
|06 MAY 2022||₹28|
|05 MAY 2022||₹25|
|04 MAY 2022||₹35|
|03 MAY 2022||₹30|
Delhivery IPO Market Lot:
|Lot Size:||Minimum 30 Shares & Maximum 390 Shares (13 Lot)|
Delhivery IPO Allotment & Listing:
|Basis of Allotment:||May 19, 2022|
|Refunds:||May 20, 2022|
|Credit to Demat Account:||May 23, 2022|
|Listing Date:||May 24, 2022|
How to Apply for Delhivery IPO?
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How to Apply Delhivery IPO through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Delhivery Ltd”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
How to Apply the Delhivery IPO through Upstox?
Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Delhivery”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.
PARENT COMPANY FOR SHAREHOLDER QUOTA
IPO ALLOTMENT TIPS & TRICKS
Check:-Delhivery IPO Allotment Status
– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamentals of the companies.
– This is only coverage of News related to Grey Market. We don’t deal in Grey market premium, nor do we recommend dealing in Grey Market. Investment decisions based on Grey Market trends can be faulty.
IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.
We don’t trade into the grey market nor do we facilitate buying or selling of IPO firms.
What is Grey Market?
Grey Market is the term used to describe an unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.
This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:
- Trade of IPO shares at a grey market premium
- Trade of IPO application at a kostak.
What is Grey Market Premium?
GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.
This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.
Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.
What is Kostak?
Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.
It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:
Issue Price: Rs 306 Per Equity Share (Maximum Bid price)
Lot Size: 45
Grey Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720
This means IGL IPO applications of Rs 13500 are being traded in IPO Grey Market at Rs 695 to Rs 720.
Despite the fact that this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.
As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.
Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.
Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.
In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.