The hiring is aimed at meeting the expected higher volumes in both parcels and express part-truck load business during the festive season
The stock was listed at Rs 493, a gain of 1.23 per cent from the issue price on the BSE. It later jumped 7.62 per cent to Rs 524.15.
The company's Rs 5,235-crore public issue comprises a fresh issue of up to Rs 4,000 crore and an offer for sale of up to Rs 1,235 crore.
As a part of this, Delhivery said, it is collaborating with Welspun on a 7 lakh sq ft mega-gateway in Greater Mumbai and with GMR for an over 1-million sq ft facility in Bengaluru
According to the NSE data, the offer received bids for 10,17,04,080 shares against 6,25,41,023 shares on offer.
The biggest challenge for Delhivery would be to convince investors to invest in a loss-making company after the disastrous listing of Paytm
Under the new service, orders received as late as 3 pm will be delivered on the same day, Delhivery said in a statement
The Initial Public Offer (IPO) received bids for 1,32,64,410 shares against 6,25,41,023 shares on offer, according to data available with the NSE.
The company has decided to allocate a total of 4,81,87,860 equity shares to anchor investors at Rs 487 apiece, which is also the upper end of the price band,...
The size of the IPO has been cut to Rs 5,235 crore from Rs 7,460 crore planner earlier.
