Delhivery IPO: Latest GMP, market experts predict ‘weak’ debut of shares

Delhivery IPO listing: The share listing date for Delhivery is fast approaching as the Delhivery IPO date is likely to be May 24, 2022. According to stock market experts, the company’s finances are poor and the company’s public offering is high priced as well. They said that market sentiment is very volatile and therefore Delhivery shares may have a weak listing. At the same time, the gray market sentiments are not encouraging for the public issue either. According to market observers, shares in Delhivery are available at a discount of 5.

Delhivery IPO GMP today

According to market observers, the Delhivery IPO Gray Market Premium (GMP) today is minus 5 which means that the gray market expects Delhivery IPO listing to be around 482 ( 487 – 5), which also signals a weak notation of the value of the public question SEK 5,235 million.

What market experts predict when listing shares

Manoj Dalmia, founder and CEO of Proficient Equities, spoke about the IPO in Delhivery, saying: “The company has posted negative PAT over the last 3 years, P / E is negative for the company in terms of PAT. The allotments may not benefit from listing gains and Investors with a low risk appetite are advised to leave and book a listing discount as the stock may fall further after the listing. “

Similar to Manoj Dalmia’s views, Ravi Singh, Vice President & Head of Research at Share India said: “Delivery IPO has poor economy so far and the values ​​of the company are also expensive. Due to low response from private investors and negative market sentiments, Delhivery IPO can listed at a discounted price on the listing date. “

Warning: The views and recommendations above are from individual analysts or brokerage firms, and not from Mint.

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