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Category :
IPO
Headline :
Delhivery L announces launch of initial public offering
Date:
05/05/2022 13:40
Delhivery Ltd. has announced public offering of 107494867 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 486.00 per share. The gross proceeds of the issue are expected to be Rs 5,23,500.00 lakhs.
The company's initial public offer (IPO) will open on 11 May 2022 and is expected to close on 13 May 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 462.00-487.00 per share.
The IPO includes a fresh Issue of 107494867 Equity Shares of the Company at an price of Rs 487.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 30 shares with bids in multiples of 30.
Delhivery Ltd. anticipates using the proceeds of the issue for .
Morgan Stanley India Company Pvt.Ltd.,Kotak Mahindra Capital Company Ltd.,Citigroup Global Markets India Private Limited,BofA Securities India Limited as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.
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