When is the Delhivery IPO expected and is it true that they are also reducing the size of the IPO?

Taking a cue for the LIC IPO, it looks like even the IPO of Delivery Ltd, a key play on the digital logistics market in India, is looking to cut the size of the IPO to push it through faster. Most likely, Delhivery will open its IPO on 11th May and close the IPO on 13th May 2022, with both the days being inclusive for the IPO subscribers.

The shares are expected to be listed on 24th May. The more important fact to savour is that like in the case of LIC and OYO, Delhivery also plans to cut the size of its IPO from the original Rs.7,460 crore to Rs.5,235 crore. Out of this Rs.5,235 crore IPO, the fresh issue component will be Rs.4,000 crore, while offer for sale or OFS will be worth Rs.1,235 crore.