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Delhivery IPO From 11 May: What's the Price Band?

Delhivery became a unicorn in 2019, when it raised $413 million, led by SoftBank Vision Fund.

Updated
India
1 min read
Delhivery IPO From 11 May: What's the Price Band?
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Logistics service provider Delhivery will open for subscription of their Initial Public Offering (IPO) on 11 May.

The Gurugram-based company has built a network in every state, servicing 17,045 PIN codes out of 19,300 in India. It became a unicorn in 2019, when it raised $413 million, led by SoftBank Vision Fund.

Here's all you need to know about the IPO.

What is the price band?

The price band of a share will be between Rs 462 and Rs 487.

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What is the size of the issue?

The size of the IPO has been cut to ₹5,235 crore from ₹7,460 crore, as announced earlier. It now comprises fresh issuance of equity shares worth ₹4,000 crore and an Offer for Sale (OFS) component of ₹1,235 crore by existing shareholders.

How many shares can investors bid for?

The investors can bid for a minimum of 30 shares, and in multiples of that.

Who can bid?

  • The company has reportedly reserved 75 percent of the net offer for qualified institutional buyers (QIBs)

  • Non-institutional bidders will get 15 percent allocation

  • 10 percent has been reserved for retail bidders

Is there any allocation for employees?

Yes, eligible employees will be allocated shares worth Rs 20 crore. They will get a discount of Rs 25 per equity share.

When does the IPO end?

The three-day initial share sale will conclude on 13 May, while it opens for anchor investors on 10 May.

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Published: 
Edited By :Tejas Harad
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