Delhivery raises Rs 2,346 cr from anchor investors as IPO opens today
Logistics major Delhivery on Tuesday raised Rs 2,346 crore from 64 anchor investors. The Gurugram-based firm allotted nearly 48.2 million shares at Rs 487 apiece, the upper end of its IPO price band. Sources said the anchor book saw nearly 10 times more demand than the shares on offer. Amansa, Goldman Sachs, Aberdeen, Tiger Global, Schroder, and Baillie Gifford were among the anchor investors who got an allotment. Seven domestic mutual funds (MF) invested through 15 different schemes. The allotment made to them formed 30 per cent of the anchor book. SBI MF and HDFC MF were among the domestic funds which got an allotment. Delhivery’s IPO size is Rs 5,235 crore, the second-biggest after LIC this year. The price band for the IPO is Rs 462 to Rs 487 per share. At the top-end, Delhivery will have a market cap of Rs 35,284 crore on a post-diluted basis. The company's IPO opens on Wednesday and closes on Friday. Delhivery is looking to raise Rs 4,000 ...