Delhivery, a logistic company has finalized the price band of its Rs 5,235 crore initial Public offering (IPO) at Rs 462-487 per share. The issue will open from May 11 to May 13 for the subscription.
The company has reduced the size of its offer to Rs 5,235 crore, down from Rs 7,460 crore previously planned. It will issue new equity shares worth Rs 4,000 crore and offloaded shares worth Rs 1,235 crore from existing shareholders and promoters. Fosun group-owned China Momentum Fund, through its affiliate Deli CMF, will sell shares up to Rs 200 crore. The OFS will incorporate up to Rs 454 crore by CA Swift Investments, up to Rs 365 crore by SVF Doorbell, and up to Rs 165 crore by Times Internet.
Delhivery is Gurugram based largest fully integrated logistics Services Company in India. It has nationwide network in every state servicing 17,045 PIN codes in India.