Financial Insights

Delhivery files DRHP for the IPO with SEBI, issue size of Rs 7,128 crore

Logistics company Delhivery has submitted a draft Red Herring Prospectus (DRHP) for an initial public offering with the Indian Securities and Exchange Commission (SEBI).

The IPO issuance size is suggested by sources at Rs7128 Crores.

The Delhivery IPO consists of a major issue of Rs 5,000 raised by end-to-end supply chain unicorns through public issues.

Sources have confirmed that the sale by existing investors will be Rs 2,128. Sources also suggest that the company’s expected valuation on IPO issues is about $ 5.5 billion, depending on near-listing demand scenarios.

Delhivery, a new era logistics giant and supply chain backed by Softbank, Tiger Global Management and Carlyle, has previously taken a 100% stake in its multi-industry rival express logistics company, Spoton Logistics.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button