InvestorQ : When is Delhivery planning to come out with its IPO?
Katherine Gonsalves made post

When is Delhivery planning to come out with its IPO?

rhea Babu answered.
9 months ago

As of now, Delhivery is yet to even file the DRHP, but it is planning to file the DRHP for its proposed IPO by late September or early October. Delhivery is an Indian start-up specializing in logistics and supply chain management. The IPO size is tentatively expected to be $1 billion. It will be one more in the long list of digital IPOs in this financial year. Apart from Zomato, which has closed its IPO, other like Paytm, Nykaa and Policybazaar are in the fray.

Incidentally, Delhivery is backed by big PE funds like SoftBank and Carlyle. The IPO by Delhivery will be a combination of fresh issue and an offer for sale or OFS. Delhivery has a 10 year pedigree in the Indian market and currently handles more than 1.50 million packages on a daily basis. The company has been setting new digital standards since 2011 and also counts Fosun of China among its early stage investors.