Delhivery Limited files DRHP with SEBI for an IPO of Rs. 7460 Crore


Delhivery Limited files DRHP with SEBI for an IPO of Rs. 7,460 Crore

Delhivery Ltd. the largest and fastest growing fully-integrated player in India by revenue in Fiscal 2021, filed its DRHP with SEBI for an IPO aggregating up to Rs. 7,460 Crore.

Delhivery provides supply chain solutions to a diverse base of 21,342 Active Customers such as e-commerce marketplaces, direct-to-consumer e-tailers and enterprises and SMEs across several verticals such as FMCG, consumer durables, consumer electronics, lifestyle, retail, automotive and manufacturing, in the three months ended June 30, 2021.

The Initial Public Offering of Delhivery Limited aggregating up to Rs. 7,460 Crore comprising a fresh issue aggregating up to ₹5,000 crore and an offer for sale of aggregating up to Rs. 2,460 Crore.

The Company proposes to utilise the Net Proceeds towards (i) Funding organic growth initiatives; (ii) Funding inorganic growth through acquisitions and other strategic initiatives; and (iii) General corporate purposes.

The Book Running Lead Managers to the offer are Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, BofA Securities India Limited and Citigroup Global Markets India Private Limited.

The equity shares are proposed to be listed on BSE and NSE.