Under the OFS, investors Carlyle Group and co-founders of SoftBank and Delhivery will sell some of their stake in the logistics company. This logistics company of the e-commerce sector serves 17,045 locations in the country. The recent IPOs of Rainbow and Campus have received good response from investors. Excited by this, Delhi has decided to launch an IPO. The success of the recent IPO has also boosted the confidence of investment bankers.
OFS portion deducted
According to RHP, the company has reduced its OFS share to Rs 1235 crore from the earlier Rs 2460 crore. Private equity investors like Carlyle have reduced their OFS share to Rs 454 crore from the earlier Rs 920 crore. At the same time, SoftBank has reduced its share to Rs 365 crore from the earlier Rs 750 crore. Kotak Mahindra Capital, Morgan Stanley, BofA Securities and Citigroup are the BRLMs of the issue.
where will the amount be used
According to the company, out of the proceeds of the IPO, Rs 2,000 crore will be used to finance the organic growth initiative. This includes expanding existing business, developing new business lines, expanding network infrastructure, and improving and upgrading logistics operating systems. In addition, the company will use around Rs 1,000 crore to finance in-organic growth opportunities through acquisitions and other strategic initiatives.
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