The subscription period for the Delhivery IPO began yesterday: Check price band and other details

The subscription period for Delhivery’s initial public offering (IPO) began on Wednesday. The supply chain firm received Rs 2,347 crore from anchor investors prior to its public offering.

According to a circular posted on the BSE website, the business has opted to distribute a total of 4,81,87,860 equity shares to anchor investors at Rs 487 each, which is also the higher end of the price band, bringing the transaction value to Rs 2,346.74 crore.

SUBSCRIPTION DATE FOR DELHIVERY IPO

The subscription period for the Delhivery IPO began on Wednesday. The deadline for subscriptions is May 13.

REVIEW OF DELHIVERY IPO, PRICE BAND

The face value of the Delhivery IPO is Rs 1 per share.

The pricing range has been set from Rs 462 to Rs 487.

The first public offering lot size is 30 shares.

The IPO offering amount is limited to Rs 5,235 crore.

The fresh issuance is worth Rs 4,000 crore, while the offer for sale is worth Rs 1,235 crore.

The shares will be listed on both the BSE and the NSE.

A total of 75% of the issuance has been reserved for qualified institutional investors, 15% for non-institutional investors, and 10% for retail investors.

Furthermore, the firm has put aside Rs 20 crore in shares for qualified employees, who would receive a discount of Rs 25 per equity stake throughout the bidding process.

Investors can place bids for a minimum of 30 equity shares and multiples of that number.