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HomeEconomicsDelhivery’s Rs 7,460 crore IPO gets Sebi nod : Shivpurinews.in

Delhivery’s Rs 7,460 crore IPO gets Sebi nod : Shivpurinews.in

Mumbai/Bengaluru: Markets regulator Securities and Exchange Board of India (Sebi) is learnt to have cleared new-age logistics startup Delhivery’s Rs 7,460 crore initial public offering (IPO) proposal, people aware of the matter said.
Gurugram-based Delhivery becomes the first top-tier startup this year to have obtained Sebi’s nod to list on domestic bourses.

SoftBank and Carlyle-backed Delhivery,
in its draft red herring prospectus (DRHP) in November, had said it planned to raise Rs 5,000 crore through fresh issuance of shares while it will have an offer for sale (OFS) component of Rs 2,460 crore where some of its existing investors will sell part of their holdings in the Gurugram-based company.

Also read:
A decade of Delhivery

ETtech

Besides Carlyle and Japan’s SoftBank Vision Fund, Times Internet was listed as selling shareholders in the DRHP. Times Internet is part of the Times Group, which publishes The Economic Times.
When contacted, a Delhivery spokesperson did not immediately respond to ET’s request for a comment on the Sebi nod.

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