Bangalore/Mumbai: New Age Logistics Player Delhivery has filed its draft paper with market regulator Securities and Exchange Board of India (SEBI) to raise Rs 7,460 first public offer (IPO). The company will raise Rs 5,000 crore by issuing fresh shares, while it will have an offer for sale (OFS) component of Rs 2,460 crore, where some of its existing investors will reduce their stake.

private equity major Carlyle, softbank Vision Fund and Times Internet are listed as sale shareholders according to the draft Red Herring Prospectus (DRHP). ETtech is a part of the Times Group, which is the parent of Times Internet.

And
previously reported On Monday, Carlyle and SoftBank were planning to sell parts of their shares as part of the Rs 2,000-2,500 crore OFS of the nearly $1 billion IPO of Gurugram-based Delhivery. According to DRHP, Kapil Bharti, Mohit Tandon and Suraj Saharan, who are among the five founders of Delhivery, are also selling shares in OFS.

With this, Delhivery joins a growing list of top-tier startups like Paytm, Nykaa and PolicyBazaar, which are going public in India after Zomato.
Stellar Rs 9,000 crore IPO In July.

Delhi, which competes with Blue Dart, Ecom Express and others, reported Rs 3,646.5 crore revenue from contracts with customers in FY11, compared to Rs 2,780.5 crore a year ago. In FY21, its net loss stood at Rs 415.7 crore as against around Rs 269 crore in FY20.

For the quarter ended June 2021, Delhivery’s revenue stood at Rs 1,317 crore against a loss of over Rs 129 crore during the same period.