Delhivery IPO opens today for subscription: Check price band, key details

Delhivery has set aside shares worth Rs 20 crore for eligible employees, who will get a discount of Rs 25 per equity stock during the bidding process of the IPO.

The initial public offering (IPO) of Delhivery opened for subscription on Wednesday. Ahead of its public subscription, the supply chain company raised Rs 2,347 crore from anchor investors.

The company has decided to allocate a total of 4,81,87,860 equity shares to anchor investors at Rs 487 apiece, which is also the upper end of the price band, aggregating the transaction size to Rs 2,346.74 crore, according to a circular uploaded on the BSE website.

Delhivery IPO opened for subscription on Wednesday. The subscription period will close on May 13.

CA Swift Investments, an entity of Carlyle Group, will sell shares to the tune of Rs 454 crore, SVF Doorbell (Cayman) Ltd, an arm of Softbank Group, will offload shares worth Rs 365 crore, Deli CMF Pte Ltd, a wholly owned subsidiary of private equity fund China Momentum Fund, L.P. will sell shares worth Rs 200 crore and Times Internet will sell shares worth Rs 165 crore.

In addition, Delhivery's co-founders -- Kapil Bharati, Mohit Tandon and Suraj Saharan-- will sell shares worth Rs 5 crore, Rs 40 crore and Rs 6 crore respectively.

At present, SoftBank owns 22.78 per cent stake, Carlyle has 7.42 per cent stake, Bharti owns 1.11 per cent, Tondon has 1.88 per cent and Saharan holds 1.79 per cent stake in the company.

ALSO READ | Rupee gains big against US dollar | Check details