The IPO of Delhivery, valued at Rs 7,460 crore, is set to take place soon
- ByStartupStory | January 17, 2022
The Securities and Exchange Board of India (SEBI) has allegedly approved a Rs 7,460 crore initial public offering (IPO) by logistics services provider Delhivery.
This comes as a result of a surge in interest among corporations in launching initial public offerings (IPOs) since last year. With about 40 companies awaiting SEBI approval, the IPO boom is set to continue this year. This year, Delhivery is the first unicorn to have its initial public offering (IPO) approved by the market authority. Experts have even predicted that it may surpass last year’s level, according to reports.
In November, Delhivery submitted draught documents with the Securities and Exchange Board of India (Sebi) for an initial offer of Rs 7,460 crore. After receiving approval from SEBI, the Delhivery IPO is scheduled to join the market soon. The company plans to raise Rs 5,000 crore through a new issue, with the balance Rs 2,460 crore being sold.
The date, lot size, and share price of the Delhi IPO have yet to be published, as the IPO has yet to be officially declared. The IPO will not collide with the Union Budget, which is set to be unveiled on February 1, according to a report in ET Now. “We’re on the IPO table,” an ET Now official remarked.
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