Delhivery gets SEBI’s approval to raise funds via IPO
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Delhivery has received the Securities and Exchange Board of India’s (SEBI) approval to raise Rs 7,460 crore through an initial public offering (IPO). The company, which filed the draft red herring prospectus with the SEBI in November, got the regulator’s approval on January 13, 2022.
Proceeds of the fresh issue will be used towards funding organic growth initiatives, funding inorganic growth through acquisitions and other strategic initiatives, and for general corporate purposes. Kotak Mahindra Capital Company, BofA Securities India, Morgan Stanley India Company and Citigroup Global Markets India are the book running lead managers to the issue.
Delhivery is an Indian logistics and e-commerce supply chain company.
