Our expectation is that investors buy into our simple story: Delhivery ED

Logistics start-up Delhivery’s Executive Director Sandeep Barasia explains to Surajeet Das Gupta the reason the firm is launching its initial public offering (IPO), which opens on Wednesday, just a few days after the closing of the mega public offering of the Life Insurance Corporation of India (LIC) in a market that appears to be headed southwards. Edited excerpts:

Q. Many would question the timing of the IPO, coming just after LIC’s mega share sale. Many potential retail investors would have their money stuck in LIC when you come to the market. Also the market is down, so is it bad timing? 

A.