The Rs 5,235 crore IPO of India’s largest logistics service provider Delhivery will open for subscription today and close on Friday, May 13. The IPO is the second biggest for Dalal Street in the calendar year 2022 (CY22) after LIC.
The IPO consists of a fresh issue of shares worth Rs 4,000 crore, and an offer-for-sale of Rs 1,235 crore. The price band of the issue is set at Rs 462-487 a share.
Delhivery, which is the leading fully-integrated logistics services player in India by fiscal 2020-21 (FY21) revenue as per reports, has a diverse consumer base with 23,113 active customers. These are majorly e-commerce marketplaces, and direct-to-consumer e-tailers and enterprises.
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