Logistics company Delhivery has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its IPO, sources share with Moneycontrol. The issue size of the IPO is Rs 7,460 crores sources suggested.
Delhivery IPO will consist of primary issuance of Rs 5,000 crores which the end-to-end supply chain unicorn will raise via public issue. The offer for sale by the existing investors will be to the tune of Rs 2,460 crores.
Key shareholders selling in the IPO are China Momentum Fund (Deli CMF) Rs 400 crore, Carlyle - Rs 920 crore, SoftBank - Rs 750 crore and Times Internet - Rs 330 crore.
Sources suggest that the likely valuation expectation by the company in the IPO issue is around $5.5 billion subject to demand-supply scenario closer to listing.