This makes the Gurugram-based new-age logistics startup the primary unicorn this yr to have obtained the inventory market regulator’s nod to listing on home bourses.
SoftBank and Carlyle-backed Delhivery,
in its draft pink herring prospectus (DRHP) filed in November, had stated it deliberate to boost Rs 5,000 crore by means of contemporary issuance of shares whereas the IPO can have a suggestion on the market (OFS) part of Rs 2,460 crore the place a few of its current buyers will promote a part of their holdings.
In addition to Carlyle and Japan’s SoftBank Imaginative and prescient Fund, Occasions Web was listed amongst promoting shareholders within the DRHP. Occasions Web is a part of the Occasions Group, which publishes The Financial Occasions. Kapil Bharati, Mohit Tandon and Suraj Saharan—who’re among the many 5 founders of Delhivery—are additionally listed to promote shares by means of the IPO.
ETtechA Delhivery spokesperson didn’t reply to ET’s question for a touch upon the Sebi nod until press time Friday.
On the time of its DRHP submitting, the corporate was in search of a valuation of round $6-6.5 billion for its itemizing, as ET had reported.
Delhivery has been one of many largest beneficiaries of the exponential development of ecommerce within the nation for the reason that outbreak of Covid-19. It is without doubt one of the largest unbiased logistics startups with presence throughout the nation.
Earlier this month,
Delhivery made an funding in Falcon Autotech, a Noida-based maker of warehousing automation merchandise. That is a part of its technique to spend money on “future-ready” {hardware} options in its operations. The logistics startup
had beforehand acquired Spoton Logistics in a $300 million all-cash deal to strengthen its business-to-business (B2B) vertical, as reported by ET. In December final yr, it additionally
acquired California-based drone startup Transition Robotics Inc.
Additionally Learn:
ETtech IPO Watch: A decade of Delhivery
The corporate had reported a income of Rs 3,646.5 crore for 2020-21, up from Rs 2,780 crore in FY20. Its internet loss was at Rs 415.7 crore final fiscal towards nearly Rs 269 crore within the earlier yr. For the quarter ended June 2021, Delhivery’s income was at Rs 1,317 crore with a lack of over Rs 129 crore.
