Supply chain firm Delhivery’s preliminary share sale acquired subscribed 21 per cent on the primary day of subscription on Wednesday.
The Initial Public Offer (IPO) acquired bids for 1,32,64,410 shares in opposition to 6,25,41,023 shares on provide, in response to knowledge accessible with the NSE.
The half meant for Retail Individual Investors (RIIs) acquired subscribed 30 per cent, whereas Qualified Institutional Buyers (QIBs) acquired 29 per cent subscription and non-institutional buyers 1 per cent.
The public subject of Rs 5,235 crore has a contemporary subject of as much as Rs 4,000 crore and a proposal on the market of as much as Rs 1,235 crore.
Under the OFS, buyers Carlyle Group and SoftBank in addition to Delhivery’s co-founders will divest their shareholding within the logistics firm.
Delhivery’s IPO has a worth vary of Rs 462-487 per share.
On Tuesday, Delhivery raised Rs 2,347 crore from anchor buyers.
Proceeds of the contemporary subject shall be used in direction of funding natural progress initiatives, funding inorganic progress via acquisitions and different strategic initiatives and for common company functions.
Delhivery supplies a full vary of logistics providers, together with categorical parcel supply, heavy items supply and warehousing.
The fairness shares of the provision chain firm will checklist on BSE and NSE.
Morgan Stanley India Company, Kotak Mahindra Capital Company, BofA Securities India and Citigroup Global Markets are the managers to the provide.
Source: www.financialexpress.com”