New Delhi: Delhivery The supply chain company has received the approval of the SBI capital market regulator to collect RS 7,460 Crore through an initial public offering (IPO).
IPO consists of issuance of fresh equity shares worth RS 5,000 crore and offers for sale (ofs) component of Rs 2,460 Crore by existing shareholders, according to the draft Red Herring Prospectus (DRHP).
Under OFS, Investor Carlyle Group and Softbank and Co-Founders Delhivery will release their share ownership in logistics companies.
The company, which submitted initial IPO letters with Semi in November, received his observation letter on January 13, the update with the regulator showed on Tuesday.
In language, the issuance of a letter of observation implies the next step for the IPO.
According to a draft paper, CA Swift Investments, the Carlyle Group entity, will sell shares to RS 920 Crore Tone, SVF Doulbell (Cayman) Ltd, Sleek Softbank Group, will burden shares worth 750 crores, Deli CMF Pte Ltd, a subsidiary that is fully owned by China’s Private Equity Fund Momentum Momentum, LP will sell shares worth Rs 400 Crore and Times Internet will sell shares worth Rs 330 Crore.
In addition, Co-Founders Delhivery – Kapil Bharati, Mohit Tandon and Suraj Saharan – will sell shares worth Rs 14 Crore, each Rs 40 Crore and Rs 6 Crore.
At present, Softbank has 23 percent of the shares, Carlyle has a 7 percent peg and Chinese momentum funds have 1 percent of the shares in the company.
Bharati has 1 percent, Tondaon has 2 percent and the Sahara holds 2 percent of the shares in the company.
The results of fresh problems will be used to fund organic growth initiatives, fund inorganic growth through acquisition and other strategic initiatives and for the company’s general purposes.
E-commerce logistics companies operate the Pan-India network and provide services to 17,045 code index number (PIN), on June 30, 2021.
It provides supply chain solutions for a variety of 21,342 active customers, such as e-trading markets, e-tailers and E-to-consumer and SME companies in several verticals such as FMCG, consumer durability, consumer electronics, lifestyle, retail, automotive and manufacturing.
Mahindra Capital Company Box, Bofa Securities India, Morgan Stanley India Company and Citigroup Global Markets India is a book that runs the main manager for this problem.
In May, Delhivery announced that they had collected $ 275 million (around Rs 1,995 Crore) in the main funding round, led by loyalty management and research companies.
With this capital, Delhivery assessment is expected to rise to more than $ 3 billion.