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Delhivery IPO Update: IPO of logistics company Delhivery will open on May 11, the company has decided the price band

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Delhivery IPO News: Another unicorn company is preparing for listing on Delhivery Stock Exchange through IPO. In the year 2019, the IPO (Intial Public Offering) of Delhivery, a company related to the logistics sector, which became a unicorn, is going to open from May 11 and investors can invest money in this IPO till May 13. Delhivery has reduced the issue size from Rs 7,460 crore to Rs 5235 crore while reducing the size of the IPO.

Delhivery fixed the price band
Delhivery has also fixed the price band of the IPO. The price band of the IPO has been fixed 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 had filed its draft red herring prospectus (DHRP) with SEBI (Securities and Exchange Board of India) last year to bring the IPO. This public issue will include a fresh issue of Rs 5,000 crore (Rs 4,000 crore). Apart from this, through the IPO, its existing investors in Delhivery will sell their stake in the company for Rs 1235 crore. Kotak Mahindra Bank, Morgan Stanley India and Bofa Securities and Citigroup are handling the Global IPO.

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