Delhivery, a new gen logistics company, has filed drafting documents with the Securities and Exchange Board of India (SEBI) to fund INR 7,460 crore through an Initial Public Offering (IPO). The business would fund INR 5,000 crore through the issuing of new shares, with an additional INR 2,460 crore raised through an Offer For Sale (OFS) in which some of its current investors will dilute their holdings.

According to the Draft Red Herring Prospectus (DRHP), selling stockholders include private equity firm Carlyle, SoftBank Vision Fund, and Times Internet.

Carlyle and SoftBank, among others, were planned to sell portions of their shares as part of the Gurugram-based Delhivery's roughly $1 billion IPO's INR 2,000-2,500 crore OFS. According to the DHRP, Suraj Saharan, Kapil Bharati and Mohit Tandon, three of the five founders of Delhivery, are selling shares in the OFS.

After Zomato's phenomenal INR 9,000 crore IPO in July, Delhivery joins a growing number of top-tier businesses going public in India, including Nykaa, Policybazaar and Paytm.

In FY21, Delhivery, which competes with Blue Dart, Ecom Express, and others, generated income from customer contracts of INR 3,646.5 crore, increased from INR 2,780.5 crore the previous year. Its net loss in FY21 was INR 415.7 crore, compared to about INR 269 crore in FY20.

Delhivery's revenue for the quarter ending June 2021 was INR 1,317 crore, with a loss of nearly INR 129 crore over the same period.