Delhivery files Rs 7,460-cr IPO papers with Sebi


PTI, Nov 2, 2021, 12:53 PM IST

New Delhi: Supply chain company Delhivery has filed preliminary papers with capital markets regulator Sebi to raise Rs 7,460 crore through an initial public offering (IPO).

The IPO comprises fresh issuance of equity shares worth Rs 5,000 crore and an offer for sale (OFS) component of Rs 2,460 crore by existing shareholders, according to the draft red herring prospectus (DRHP).

As a part of the OFS, Deli CMF PTE Ltd will sell shares worth Rs 400 crore, CA Swift Investments will sell shares to the tune of Rs 920 crore, SVF Doorbell (Cayman) Ltd will divest shares worth 750 crores and Times Internet Ltd will sell shares worth Rs 330 crore.

In addition, Kapil Bharati will offload shares worth Rs 14 crore, Mohit Tandon Rs 40 crore, and Suraj Saharan Rs 6 crore.

Proceeds of the fresh issue will be used towards funding organic growth initiatives, funding inorganic growth through acquisitions and other strategic initiatives, and for general corporate purposes.

The e-commerce logistics company operates a pan-India network and provides services in 17,045 postal index number (PIN) codes, as of June 30, 2021.

It 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 such as FMCG, consumer durables, consumer electronics, lifestyle, retail, automotive and manufacturing, in the three months ended June 30, 2021.

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.

In May, Delhivery announced that it raised USD 275 million (about Rs 1,995 crore) in the primary funding round, led by Fidelity Management and Research Company.

With this capital, Delhivery’s valuation was expected to rise to over USD 3 billion.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

FIR against Sanjay Raut’s brother for remarks against Shiv Sena’s woman leader

Kodagu murder case accused escapes from police in Hyderabad

Karnataka Maritime Board announces plans for Mangaluru Water Metro Project

Royal Enfield forays into electric bike segment; unveils first model under Flying Flea brand

US going to historically tight presidential election

Balasore tragedy result of composite negligence of railway officials: Orissa High Court

Actress Kasthuri stokes controversy by her remarks on Telugu-speaking people in TN

Related Articles More

New software for fast-tracking project approvals: Karnataka Minister Patil

In-flight passengers can access WiFi services only when allowed, say new rules

SEBI mulls separation of non-regulated activities; ‘cross-default’ definition for debenture trustees

Sensex plunges 942 points to settle at nearly 3-month low; RIL, HDFC Bank biggest drag

Equity investors become poorer by Rs 7.37 lakh crore during morning trade as markets tumble

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

FIR against Sanjay Raut’s brother for remarks against Shiv Sena’s woman leader

Kodagu murder case accused escapes from police in Hyderabad

New software for fast-tracking project approvals: Karnataka Minister Patil

Karnataka Maritime Board announces plans for Mangaluru Water Metro Project

In-flight passengers can access WiFi services only when allowed, say new rules

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.