The price band for Delhivery’s 5,235-crore initial public offering (IPO) has been established at 462-487 per share. The Delhivery IPO will begin for subscription on Wednesday, May 11, 2022, and close on May 13. On May 10, the auction for anchor investors will begin.
- Deli CMF will sell shares worth 200 crores, CA Swift Investments will sell shares worth 454 crores, SVF Doorbell (Cayman) will sell shares worth 365 crores and Times Internet will sell shares worth 165 crores as part of the 1,235 crore offer for sale.
- The IPO’s price band is set at Rs 462 per equity share on the low end and $487 per equity share on the high end. Each one has a face value of Re 1.
- Under the Employee Reservation Portion, qualifying workers get a discount of $25 per equity share on the price band specified above.
- Bids for a minimum of 30 Equity Shares and multiples of 30 Equity Shares can be made during the IPO.
Qualified Institutional Buyers
QIBs are entitled to 75% of the IPO’s total size. In combination with the BLRMs, the corporation may allocate up to 60% of the QIB Portion to anchor investors on a discretionary basis, with one-third reserved for domestic mutual funds. The remaining Equity Shares will be added to the QIB Portion if the Anchor Investor Portion is undersubscribed or not awarded. Furthermore, 5% of the QIB share, excluding the anchor investor component, will be available purely on a proportionate basis for distribution to Mutual Funds.
Up to 15% of the IPO size is set aside for NIIs, with one-third of that set aside for applicants with an application size of more than 2 lakh but less than 10 lakh. While two-thirds of the available space will be reserved for applicants with an application size of more than ten lakh rupees, the remaining space in either of these sub-categories will be allotted to applicants in the Non-Institutional Bidders category. You can get more information about the IPO from 5 Paisa. You can also become a trader there.
The Equity Shares issued in this Offer are proposed to be listed on the BSE Limited and the National Stock Exchange of India Limited. Since its inception, the company has successfully delivered over 1 billion orders across India. It has built a nationwide network that covers over 17000 pin codes and is present in all 50 states. With 21 automated sort centers, 122 gateways, 93 fulfillment centers, 2521 direct delivery centers, and a staff of over 86000 people, the company can deliver 24 hours a day.
The organization has successfully fulfilled over 1 billion orders across India since its start. It has established a countrywide network that serves over 17000 pin codes and has a presence in every state. The organization can deliver 24 hours a day, 7 days a week, 365 days a year thanks to 21 automated sort centers, 122 gateways, 93 fulfillment centers, 2521 direct delivery centers, and a workforce of over 86000 individuals.