Can you tell me about the proposed IPO of Delhivery?
Answer
Answer
As of now, it is yet to confirm details but the expected valuation is around $4 billion. The IPO is expected around Mar-22 next year. Delhivery competes with logistics players like Fedex and Blue Dart, and is expected to sell 10-15% stake for $500-600 million. The filing of DRHP is expected to happen in August 2021. It may choose to watch Zomato and Paytm response.