Delhivery IPO opens today: All you want to understand

 



Delhivery IPO opens today: All you want to understand

Delhivery IPO opens today: All you want to understand


Delhivery IPO: AIA Singapore, Amansa Holdings, Aberdeen New India Investment Trust Plc, Goldman Sachs, The Master Trust Bank of Japan, Government of Singapore, Monetary Authority of Singapore are many of the anchor traders.

Delhivery, a deliver chain corporation, is prepared to open for public subscription Wednesday after it raised ₹2,347 crore from anchor traders. The three-day preliminary percentage sale will finish on May thirteen and the bidding for anchor traders turned into opened on May 10.

According to a round uploaded at the BSE website, the corporation has determined to allocate a complete of 4,81,87,860 fairness stocks to anchor traders at ₹487 apiece, which is likewise the top give up of the rate band, aggregating the transaction length to ₹2,346.seventy four crore.


Here's all you want to understand approximately the Delhivery IPO subscription:


The rate band of the IPO is ₹462-487.


The public subscription will near on May thirteen.


The Delhivery IPO can be indexed on May 24.


The length of the preliminary public offer (IPO) has been reduce to ₹5,235 crore from ₹7,460 crore deliberate earlier.


AIA Singapore, Amansa Holdings, Aberdeen New India Investment Trust Plc, Goldman Sachs, The Master Trust Bank of Japan, Government of Singapore, Monetary Authority of Singapore are many of the anchor traders.

In addition, SBI Mutual Fund (MF), HDFC MF, ICICI Prudential MF, Mirae MF, ICICI Prudential MF, Invesco MF and Nippon India too participated withinside the anchor round.


The public problem now incorporates clean issuance of fairness stocks worth ₹4,000 crore and a suggestion for sale (OFS) aspect of ₹1,235 crore via way of means of present shareholders.


Under the OFS, traders Carlyle Group and SoftBank in addition to Delhivery's co-founders will divest their shareholding withinside the logistics corporation.


The corporation has set apart stocks worth ₹20 crore for eligible employees, who gets a reduction of ₹25 in keeping with fairness inventory at some point of the bidding process.


Investors can bid for at the very least 30 fairness stocks and in multiples thereof.


The e-trade logistics corporation operates a pan-India community and presents offerings in 17,1/2 postal index number (PIN) codes.


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