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Delhivery IPO Gets SEBI Nod To Raise Rs 7,460 Crore | 5 Things You Need To Know

IPO News Today: Out of Rs 7,460 crore, Delhivery IPO will include a fresh issuance worth Rs 5,000 crore. Rest Rs 2,460 crore will be raised via an offer for sale (OFS)

Published: January 18, 2022 1:37 PM IST

By Business Desk | Edited by Raghav Aggarwal

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Delhivery Share Price: The shares of the company were down over 1 per cent at NSE and BSE (File Photo)

New Delhi: The supply chain company, Delhivery, has received SEBI’s nod to raise Rs 7,460 crore through its Delhivery IPO. According to media reports, the investors Carlyle Group and SoftBank will divest their shareholding in the company. The logistics company filed its IPO papers with SEBI in November 2021. The details have been mentioned in Delhivery IPO DRHP or draft red herring prospectus.

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The logistics company provides supply chain solutions to a diverse base of 21,342 active customers, such as e-commerce marketplaces, direct-to-consumer e-tailers and enterprises and SMEs across several verticals like FMCG, consumer durables, consumer electronics, lifestyle, retail, automotive and manufacturing.

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Kotak Mahindra Capital Company, BofA Securities India, Morgan Stanley India Company and Citigroup Global Markets India are the book running lead managers to the issue.

Delhivery IPO: Five Things You Need To Know

  1. Out of Rs 7,460 crore, the company will issue fresh shares worth Rs 5,000 crore.
  2. Rest Rs 2,460 crore will be raised via an offer for sale (OFS).
  3. Delhivery’s co-founders Kapil Bharti, Mohit Tandon and Suraj Saharan will sell shares worth Rs 14 crore, Rs 40 crore and Rs 6 crore respectively.
  4. SoftBank owns a 22.78 per cent stake in the company. Its arm SVF Doorbell will sell shares worth Rs 750 crore during the process.
  5. As of June 30, 2021, the company serves 17,045 postal index numbers.

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