Delhivery Aims to Garner up $4.5-5 Billion in IPO
Delhivery is expected to file its paperwork for an Initial Public Offering (IPO) to garner up to $1 billion within the next week.
“Probably around Diwali”, the company's Drafts Red Herring Prospectus (DRHP) might be filed.
According to the company, the logistics and supply chain start-up plans to list on Indian stock exchanges before March of next year, with a post-listing valuation of $4.5-5 billion.
Because some existing investors are expected to make partial exits in the ten-year-old corporation funded by Japan's SoftBank and the Carlyle Group, the offering is likely to comprise both primary and secondary share sales, they added.
An investment banker, “the issue would be more or less similar to those of recent technology listings, where early investors sought exits. Delhivery is also heavily funded by venture capital firms and these firms would be taking either full or partial exit through the (IPO)”.
Delhivery is an Indian e-commerce logistics and delivery company. Bhavesh Manglani, Kapil Bharati, Sahil Barua, Mohit Tandon and Suraj Saharan established it in 2011. Carlyle Group, CPP Investment Board, Fosun International, Nexus Venture Partners, SoftBank Vision Fund, Tiger Global and Multiples are among the investors in the company.
The Gurugram-based firm employs 50,000 people and has 85 packaging warehouses, 24 automated sort centres, 75 hubs, and over 7500 partner centers. At the moment, Delhivery can process more than 15 lakh (1.5 million) packages each day.
The company’s goal is to develop India's commerce operating system. Over 17000 clients, including major and small e-commerce players, SMEs, and other prominent organisations and brands, use the company's parcel transportation, warehousing, freight, reverse logistics, cross-border, and technology services.
“Probably around Diwali”, the company's Drafts Red Herring Prospectus (DRHP) might be filed.
According to the company, the logistics and supply chain start-up plans to list on Indian stock exchanges before March of next year, with a post-listing valuation of $4.5-5 billion.
Because some existing investors are expected to make partial exits in the ten-year-old corporation funded by Japan's SoftBank and the Carlyle Group, the offering is likely to comprise both primary and secondary share sales, they added.
An investment banker, “the issue would be more or less similar to those of recent technology listings, where early investors sought exits. Delhivery is also heavily funded by venture capital firms and these firms would be taking either full or partial exit through the (IPO)”.
Delhivery is an Indian e-commerce logistics and delivery company. Bhavesh Manglani, Kapil Bharati, Sahil Barua, Mohit Tandon and Suraj Saharan established it in 2011. Carlyle Group, CPP Investment Board, Fosun International, Nexus Venture Partners, SoftBank Vision Fund, Tiger Global and Multiples are among the investors in the company.
The Gurugram-based firm employs 50,000 people and has 85 packaging warehouses, 24 automated sort centres, 75 hubs, and over 7500 partner centers. At the moment, Delhivery can process more than 15 lakh (1.5 million) packages each day.
The company’s goal is to develop India's commerce operating system. Over 17000 clients, including major and small e-commerce players, SMEs, and other prominent organisations and brands, use the company's parcel transportation, warehousing, freight, reverse logistics, cross-border, and technology services.
