Delhivery will get Sebi nod for Rs 7,460-crore IPO

Logistics startup Delhivery on Tuesday acquired the Securities and Exchange Board of India’s (Sebi) approval to boost Rs 7,460 crore by way of an preliminary public providing (IPO).
The firm had filed its draft prospectus in November 2021. The IPO consists of a contemporary problem of shares price Rs 5,000 crore and a proposal on the market (OFS) by present traders amounting to Rs 2,460 crore, as per the corporate’s draft crimson herring prospectus (DRHP).
Carlyle Group, which owns a 7.42 per cent shareholding within the firm, is predicted to dump shares price Rs 920 crore, whereas SoftBank, which owns 22.78 per cent, will offload shares price Rs 750 crore. China Moment Fund may also promote Rs 400 crore of shares and Times Internet will offload one other Rs 330 crore by way of the OFS.
Delhivery founders Kapil Bharati, Mohit Tandon and Suraj Saharan are additionally anticipated to promote shares price Rs 62 crore within the proposed IPO.
Kotak Mahindra Capital, Morgan Stanley India, BoFA Securities and Citigroup are the ebook operating lead managers for the providing. Delhivery is in search of a valuation of round $5-5.5 billion from the proposed IPO. —FE