Delhivery gets Sebi nod for Rs 7,460-crore IPO
The company had filed its draft prospectus in November 2021. The IPO consists of a fresh issue of shares worth Rs 5,000 crore and an offer for sale (OFS) by existing investors amounting to Rs 2,460 crore, as per the company’s draft red herring prospectus (DRHP).
Carlyle Group, which owns a 7.42 per cent shareholding in the company, is expected to offload shares worth Rs 920 crore, while SoftBank, which owns 22.78 per cent, will offload shares worth Rs 750 crore. Logistics startup Delhivery on Tuesday received the Securities and Exchange Board of India’s (Sebi) approval to raise Rs 7,460 crore through an initial public offering (IPO).
The company had filed its draft prospectus in November 2021. The IPO consists of a fresh issue of shares worth Rs 5,000 crore and an offer for sale (OFS) by existing investors amounting to Rs 2,460 crore, as per the company’s draft red herring prospectus (DRHP).
Carlyle Group, which owns a 7.42 per cent shareholding in the company, is expected to offload shares worth Rs 920 crore, while SoftBank, which owns 22.78 per cent, will offload shares worth Rs 750 crore. China Moment Fund will also sell Rs 400 crore of shares and Times Internet will offload another Rs 330 crore through the OFS.
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