delhivery

Delhivery IPO 2022 date, price, size: All, you should know

Delhivery IPO price has been fixed between Rs 462 to Rs 487 per share. Employees will get a discount of Rs 25 per share.

About the Company: Delhivery is an Indian logistics and supply chain company, based in Gurgaon. It was founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati. The company has over 85 fulfillment centers, 24 automated sort centers, 70 hubs, 7,500+ partner centers, and 3,000+ direct delivery centers, as of 2021. About two-thirds of its revenue comes from providing third-party logistics and delivery services to e-commerce companies.

The company has a delivery network which covers over 17,000 pin codes.

The initial public offering (IPO) of Delhivery limited is all set to open for subscription next tomorrow. It provides logistics services, heavy goods and freight.

delhivery

DELHIVERY IPO SUBSCRIPTION DATE

Delhivery IPO will open on May 11 for subscription. The application period will close on May 13.

DELHIVERY IPO PRICE, DETAILS

The IPO has a face value of Rs 1 per share. The lot size is 30 shares.

IPO price has been fixed between Rs 462 to Rs 487 per share.

The IPO issue size aggregates up to Rs 5,235 crore. Out of the total, fresh issue is aggregated up to Rs 4,000 crore. The offer for sale is up to Rs 1,235 crore.

Employees will get a discount of Rs 25 per share.

The shares will be listed on BSE and NSE.

Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Pvt Ltd, BofA Securities India Limited, and Citigroup Global Markets India Private Limited are IPO’s lead managers.

     

    Source: IndiaToday

    Read Also: Lic Ipo GMP and other details

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