Supply chain company Delhivery’s initial share sale was subscribed 1.63 times on the last day of the subscription ended Friday. According to NSE data, bids were received for 10,17,04,080 shares as against 6,25,41,023 shares in the offer.
The finalization of the basis for share allotment of Delhivery IPO is expected this week on Thursday, May 19, 2022 and if the allotment is made, the shares will be credited to the demat account of the bidders on May 23. registrar for IPO The link is Intime India Pvt Ltd, so the allotment application can be checked on its website Here or on BSE website Here,
The share of eligible institutional buyers was subscribed 2.66 times, while the retail individual investors category was subscribed 57 percent and non-institutional investors 30 percent.
public issue of There was a fresh issue of up to Rs 5,235 crore 4,000 crore and up to an offer for sale (OFS) 1,235 crores. The initial public offering (IPO) price range was 462-487 per share. The company’s shares are expected to be listed on the stock exchanges BSE and NSE on Tuesday, May 24, 2022. 2,347 crore from anchor investors.
The latest issue proceeds to the tune of 2,000 crore will be used to finance organic development initiatives and 1,000 crore for inorganic development through acquisitions and other strategic initiatives, in addition, the funds will be used for general corporate purposes.
Delhivery Express provides a full range of logistics services including parcel delivery, heavy cargo delivery and warehousing.