The IPO received bids for 1,45,01,730 shares against 6,25,41,023 shares on offer, according to NSE data. The portion reserved for retail individual investors (RIIs) received 40% subscription while qualified institutional buyers' segment (QIBs) got 29% subscription and non-institutional investors' 1%.
The IPO comprises of fresh issue of equity up to ₹4,000 crore and an offer for sale of shares aggregating up to ₹1,235 crore.
Under the OFS, investors Carlyle Group and SoftBank as well as Delhivery's co-founders will divest their shareholding in the logistics company.
According to the draft papers, CA Swift Investments, an entity of Carlyle Group, will sell shares to the tune of ₹454 crore, SVF Doorbell (Cayman) Ltd, an arm of Softbank Group, will offload shares worth ₹365 crore, Deli CMF Pte Ltd, a wholly-owned subsidiary of private equity fund China Momentum Fund, L.P. will sell shares worth ₹200 crore and Times Internet will sell shares worth ₹165 crore.
The e-commerce logistics company operates a pan-India network and provide services to 17,045 postal index number (PIN) codes, as of June 30, 2021.
It provides supply chain solutions to a diverse base of 21,342 active customers, such as e-commerce marketplaces, direct-to-consumer e-tailers and enterprises and SMEs across several verticals like FMCG, consumer durables, consumer electronics, lifestyle, retail, automotive and manufacturing.
