Delhivery IPO: Issue opens for subscription; collects ₹2,347 crore from anchor investors
The IPO was subscribed 4% in early hours, with quota for retail investors and employees receiving 21%, and 3% bids, respectively.
The IPO was subscribed 4% in early hours, with quota for retail investors and employees receiving 21%, and 3% bids, respectively.
The logistics and supply chain company aims to raise ₹5,235 crore from the IPO, which is a reduction from ₹7,460 planned earlier.
IPO-bound Indian companies are shying away from launching issues on the back of feeble investment climate.
Delhivery will issue fresh equity to the tune of ₹5,000 crore for the IPO, whereas the remaining ₹2,460 crore will be offloaded by existing shareholders.