InvestorQ : When is the Delhivery IPO likely to hit the primary markets?
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When is the Delhivery IPO likely to hit the primary markets?

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Rashi Mehra answered.
4 weeks ago
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One of India’s most promising logistics start-ups, Delhivery, has just filed the draft red herring prospectus (DRHP) with SEBI for its proposed Rs.7,460 crore IPO. The SEBI approval process normally takes about 2 months after which the IPO process starts and the date is announced. IT would be at least 2 months away.

The IPO will comprise of Rs.5,000 crore as fresh issue of shares and Rs.2,460 crore as OFS by existing early investors. Delhivery counts marquee names like China Momentum Fund, Carlyle, SoftBank and Times Internet among its early investors. The fresh proceeds will be used to fund organic as well as inorganic growth and to expand its reach beyond the current 17,045 PIN codes.

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