Delhivery - Initial public offering 

Delhivery - Initial public offering 

Delhivery IPO Price Band Announced: Delhivery has fixed a price band of at Rs 462-487 per share for its Rs 5,235-crore IPO

Delhivery IPO Price Band Announced: Delhivery has fixed a price band of at Rs 462-487 per share for its Rs 5,235-crore IPO

The logistics and supply chain startup DELHIVERY cut its total issue size to Rs 5,235 crore from Rs 7,460 crore planned earlier.

The logistics and supply chain startup DELHIVERY cut its total issue size to Rs 5,235 crore from Rs 7,460 crore planned earlier.

The public issue comprises the fresh issuance of shares worth Rs 4,000 crore. The offer for sale (OFS) portion has been reduced to Rs 1,235 crore from Rs 2,460 crore.

The investors can bid for a min.imum of 30 shares and in its multiple thereafter. The company has allocated shares worth Rs 20 crore to eligible employees, who will get a discount of Rs 25 per equity share during the bidding process

The company has reserved 75 per cent of the net offer for qualified institutional buyers (QIBs), whereas non-institutional buyers (NIIs) will get a 15 per cent allocation, and the remaining 10 per cent shares will be available for retail bidders

The company has reserved 75 per cent of the net offer for qualified institutional buyers (QIBs), whereas non-institutional buyers (NIIs) will get a 15 per cent allocation, and the remaining 10 per cent shares will be available for retail bidders

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