The finalization of basis of share allotment of Delhivery IPO is expected to take place this week on Thursday, May 19, 2022 and if allotted, then the credit of shares to demat account of bidders will be done on May 23. The registrar for this IPO is Link Intime India Private Ltd, therefore the allotment application can be checked on its website here or on the BSE website here.
Qualified institutional buyers portion attracted 2.66 times subscription, while the category for retail individual investors was subscribed 57 per cent and that for non institutional investors 30 per cent.
The public issue of ₹5,235 crore had a fresh issue of up to ₹4,000 crore and an offer for sale (OFS) of up to ₹1,235 crore. The initial public offer (IPO) had a price range of ₹462-487 per share. The company's shares are expected to list on stock exchanges BSE and NSE on Tuesday, May 24, 2022. Delhivery raised ₹2,347 crore from anchor investors.
Proceeds of fresh issue to the tune of ₹2,000 crore will be used towards funding organic growth initiatives and ₹1,000 crore for inorganic growth through acquisitions and other strategic initiatives, besides, money will be used for general corporate purposes.
Delhivery provides a full range of logistics services, including express parcel delivery, heavy goods delivery and warehousing.
