Delhivery Limited IPO : AVOID
✅ Good company but bad pricing and timing.
✅ At Upper Price band company will hit 35000 CR market cap , in 34k CR investors can buy entire business of Ashok Leyand. ( Not comparable business but to give prospective what 35000 CR means )
✅ Still loss making company.
✅ Market condition is not favorable , recently loss making big size IPO like Zomato , Paytm also going toward bottom.
✅ We feel 18000-20000 CR is fair market cap for Delhivery , Stock will available near 30-40% down after 6 month of issue.
✅ Tons of great stock are now corrected in secondary market and available at great valuation, so no need to focus on expensive IPOs.
