Delhivery on Tuesday filed draft papers with the Securities and Exchange Board of India (Sebi) to raise up to Rs 7,460 crore through an initial public offering (IPO).
The IPO includes fresh issuance of equity shares of Rs 5,000 crore and an offer for sale (OFS) of Rs 2,460 crore by existing shareholders.
The company, which competes with players such as Blue Dart, joins start-ups such as Nykaa, Policybazaar and Paytm that are tapping the capital markets after a strong response to the float from Zomato.
Some of the investors who will sell shares in the Delhivery IPO include Deli CMF PTE Ltd (China Momentum Fund), CA Swift Investments (Carlyle), SVF Doorbell (Cayman) Ltd or SoftBank and Times Internet Ltd.
Sapphire price band
Sapphire Foods India, which operates KFC and Pizza Hut outlets in the Indian sub-continent, on Tuesday announced a price band of Rs 1,120-1,180 per share for its Rs 2,073-crore initial public offering (IPO).
The share-sale will open for subscription on November 9 and close on November 11.
The bidding for anchor investors will open on November 8. It will entirely be an offer for sale (OFS) of 1,75,69,941 equity shares by promoters and existing shareholders.
At the upper end of the price band, the IPO is expected to fetch Rs 2,073 crore. Investors can bid for a minimum lot of 12 shares and in multiples thereafter.
Sapphire Foods, which is backed by marquee investors like Samara Capital, Goldman Sachs, CX Partners and Edelweiss, is the largest franchisee of Yum Brands in the Indian sub-continent, in terms of revenue in the financial year 2020 as per a Technopak report. It is also Sri Lanka’s largest international QSR chain in terms of revenue for 2021.
