The preliminary share sale of provide chain firm Delhivery was subscribed 23 per cent on the second day of the provide on Thursday.
The IPO obtained bids for 1,45,01,730 shares towards 6,25,41,023 shares on provide, in response to NSE information.
The portion reserved for retail particular person buyers (RIIs) obtained 40 per cent subscription whereas certified institutional patrons’ phase (QIBs) bought 29 per cent subscription and non-institutional buyers’ 1 per cent.
The firm’s Rs 5,235-crore public difficulty contains a recent difficulty 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.
Price vary for the provide is at Rs 462-487 per share.
On Tuesday, Delhivery raised Rs 2,347 crore from anchor buyers.
Proceeds of the recent difficulty might be used in direction of funding natural development initiatives, funding inorganic development by way of acquisitions and different strategic initiatives and for normal company functions.
Delhivery gives a full vary of logistics providers, together with specific parcel supply, heavy items supply and warehousing.
The fairness shares of the availability chain firm will record on BSE and NSE.
Morgan Stanley India Company, Kotak Mahindra Capital Company, BofA Securities India and Citigroup Global Markets India are the managers to the provide.
Source: www.financialexpress.com”