Delhivery IPO
Delhivery gets SEBI's nod for its Rs 7,460 IPO
Mumbai/IBNS: Markets watchdog Securities and Exchange Board of India (SEBI) has given its nod to new-age logistics startup Delhivery’s Rs 7,460 crore initial public offering (IPO) proposal, media reports said.
Based in Gurugram, Delhivery is backed by Softbank and Carlyle. In its draft red herring prospectus in November, the logistics company planned to raise Rs 5,000 crore through fresh issuance of shares while it will have an offer for sale (OFS) component of Rs 2,460 crore where some of its existing investors will sell part of their holdings in the Gurugram-based company, ET reported.
Delhivery is the first top-tier startup this year to have obtained Sebi’s nod to list on domestic exchanges.
Apart from Carlyle and Japan’s SoftBank Vision Fund, Times Internet, a part of the Times Group, was listed as selling shareholders in the DRHP., the report said.
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