Delhivery IPO News: The IPO (Intial Public Offering) of Delhivery, a unicorn company in the logistics sector, has opened for subscription for today’s investors. Investors will be able to invest in IPO till May 13. On the first day, the IPO has been able to fill only 21 percent. At the same time, the quota of retail investors and institutional investors has been filled 29 percent. Delhivery is going to raise Rs 5235 crore from the market through IPO.
Price Band of Delhivery
Delhivery has fixed the price band of IPO at Rs 462-487 per share. The company is getting a valuation of Rs 35,283 crore from the upper level of the issue price. Shares will be allotted to the investors on May 19 and the shares will be credited in the demat account on May 23. On May 24, the stock of Delhivery will be listed on the stock exchange.
IPO will be worth Rs 5235 crore
Delhivery has raised Rs 2346 crore from anchor investors. Last year, the company had filed its draft red herring prospectus (DHRP) with SEBI (Securities and Exchange Board of India) to bring the IPO. This public issue includes a fresh issue of Rs 5,000 crore (Rs 4,000 crore). Apart from this, its existing investors in Delhivery are selling their stake in the company through IPO for Rs 1235 crore.
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