Delhivery files DRHP for IPO with SEBI, issue size of Rs 7,460 crore

Logistics company Delhivery has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of Asian country (SEBI) for its IPO, sources share with Moneycontrol. the difficulty size of the IPO is Rs seven,460 crores sources urged.

Delhivery IPO can encompass primary issue of Rs five,000 crores that the end-to-end offer chain imaginary being can raise via public issue. The supply available by the prevailing investors are going to be to the tune of Rs two,460 crores.

Key shareholders commercialism within the IPO square measure China Momentum Fund (Deli CMF) Rs four hundred large integer, Thomas Carlyle – Rs 920 large integer, SoftBank – Rs 750 large integer and Times web – Rs 330 large integer.

Sources recommend that the doubtless valuation expectation by the corporate within the IPO issue is around $5.5 billion subject to demand-supply situation nearer to listing.

Use of takings from the IPO includes Rs two,500 large integer for funding organic growth initiatives, Rs 1,250 large integer funding inorganic growth through acquisitions and different strategic initiatives and general company proposes. the corporate is raising total Rs five,000 large integer via IPO.

Delhivery, a brand new age domestic supplying large and provide chain firm , backed by the likes of Softbank, Tiger international Management and Thomas Carlyle, earlier signed associate degree agreement to amass a one hundred pc stake in rival specific supplying player Spoton supplying, multiple trade sources with data of the matter told Moneycontrol.

Moneycontrol was the primary to report on Gregorian calendar month twenty eight regarding the deal talks between each the parties.

The company earlier issued bonus shares to shareholders through a resolution passed within the Extraordinary General Meeting (EGM) stayed quarter day.

In associate degree earlier interview to The Economic Times, Delhivery co-founder and chief govt Sahil Barua indicated that the firm had plans to list at intervals succeeding six to eight months and lift a primary issue within the vary of $400-$500 million.

Logistics company Delhivery has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of Asian country (SEBI) for its IPO, sources share with Moneycontrol. the difficulty size of the IPO is Rs seven,460 crores sources urged.

Delhivery IPO can encompass primary issue of Rs five,000 crores that the end-to-end offer chain imaginary being can raise via public issue. The supply available by the prevailing investors are going to be to the tune of Rs 2,460 crores.

Key shareholders commercialism within the IPO square measure China Momentum Fund (Deli CMF) Rs four hundred large integer, Thomas Carlyle – Rs 920 large integer, SoftBank – Rs 750 large integer and Times web – Rs 330 large integer.

Sources recommend that the doubtless valuation expectation by the corporate within the IPO issue is around $5.5 billion subject to demand-supply situation nearer to listing.

Use of takings from the IPO includes Rs two,500 large integer for funding organic growth initiatives, Rs 1,250 large integer funding inorganic growth through acquisitions and different strategic initiatives and general company proposes. the corporate is raising total Rs five,000 large integer via IPO.

Delhivery, a brand new age domestic supplying large and provide chain firm , backed by the likes of Softbank, Tiger international Management and Thomas Carlyle, earlier signed associate degree agreement to amass a one hundred pc stake in rival specific supplying player Spoton supplying, multiple trade sources with data of the matter.

Money control was the primary to report on Gregorian calendar month twenty eight regarding the deal talks between each the parties.

The company earlier issued bonus shares to shareholders through a resolution passed within the Extraordinary General Meeting (EGM) stayed quarter day.

In associate degree earlier interview to The Economic Times, Delhivery co-founder and chief govt Sahil Barua indicated that the firm had plans to list at intervals succeeding six to eight months and lift a primary issue within the vary of $400-$500 million.

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