Delhivery IPO Mumbai: Logistics company Delhivery Limited plans to open its Rs 5,235-crore initial public offering (IPO) on May 11 at a price band of Rs 462-487 per equity share. The IPO will close on May 13.
The public issue comprises the fresh issuance of shares worth Rs 4,000 crore.
The Anchor Investor Bid/Offer Period is one Working Day prior to the Bid/Offer Opening Date, that is, May 10, 2022.
The offer includes an Employee Discount of Rs 25 per equity share on the offer price for Eligible Employees Bidding in the Employee Reservation Portion.
Bids can be made for a minimum of 30 equity shares and in multiples of 30 equity shares thereafter.
The offer for sale (OFS) portion has been reduced to Rs 1,235 crore from Rs 2,460 crore.
The OFS will comprise up to Rs 454 crore by CA Swift Investments, up to Rs 3,65 crore by SVF Doorbell (Cayman) Ltd, up to Rs 200 crore by Deli CMF Pte., up to Rs 165 crore by Times Internet Limited.
Delhivery co-founders will also participate in the OFS. Kapil Bharati will sell shares worth Rs 5 crore, Mohit Tandon will sell shares worth Rs 40 crore and Suraj Saharan is selling up to Rs 6 crore worth of shares.
This offer includes a reservation of equity shares aggregating up to Rs 20 crore for subscription by Eligible Employees (the “Employee Reservation Portion”).
The company has reserved at least 75 percent of the Net Offer for allocation on a proportionate basis to Qualified Institutional Buyers
Further, not more than 15 percent of the Net Offer shall be available for allocation to Non-Institutional Bidders, of which one-third portion shall be reserved for applicants with application size of more than Rs 200,000 and up to Rs 1,000,000, and two-thirds portion shall be reserved for applicants with application size of more than Rs 1,000,000.
Not more than 10 percent of the Net Offer has been reserved for Retail Individual Bidders (“RIBs”) in accordance with the SEBI ICDR Regulations.
The Equity Shares offered in this Offer are proposed to be listed on both BSE and the NSE.
Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, BofA Securities India Limited, and Citigroup Global Markets India Private Limited are the Book Running Lead Managers for the Offer.
The registrar to the issue is Link Intime India Private Limited. The company will finalise the basis of allotment with designated stock exchange on 19 May, and initiation of refunds or unblocking of funds from ASBA accounts will take place on 20 May. The equity shares will get credited to demat accounts of allottees on 23 May. Delhivery IPO shares are likely to get listed on BSE and National Stock Exchange on 24 May.
All capitalised terms used herein but not defined shall have the same meaning as ascribed to them in the Red Herring Prospectus and the Prospectus.
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