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According to regulatory filings obtained through business intelligence platform Toffler, Delhivery Private Limited has been made delhivery ltd.
It’s trying to raise about $1 billion through a first public offer (IPO), scheduled before the end of the current financial year.
The company, backed by Japan’s SoftBank Vision Fund and Carlyle Group Inc., also split shares in the ratio of 1:10.
This comes days after the Gurugram-based company
Bonus Shares Issued to Shareholders, reported ET.
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On 3 October, the company said that it had decided to allot 16.8 million bonus shares in the ratio of 9:1 to the equity shareholders of the company at its Extraordinary General Meeting (EGM) held on 29 September. About 90 individuals and entities are listed as recipients of these shares, the documents showed.
The company is also realizing its capitalization table ahead of its IPO filing,
ET reported on October 4.
China’s Fosun International
Sold a part of its stake in Delhivery to Lee Fixel’s Extra and Bay Capital, a late-stage equity fund, values ​​the company at $4.2 billion.
Last month, the company said Fixel, a former partner at New York-based investment firm Tiger Global, said,
Had invested $125 million through his fund.
This also
Secured $100 million from strategic investor FedEx Express in August.
In June, the 10-year-old company said it had
Raises $275 million from investors led by GIC and Fidelity.
Founded by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati, Delhivery is an end-to-end logistics and supply chain services company.
It has completed over a billion shipments with over 17,000 customers, including large and small ecommerce participants, SMEs and other enterprises.
It also counts other funds such as Tiger Global, Times Internet, CPPIB and Nexus Venture Partners as shareholders. Times Internet is part of the Times of India Group, which also publishes the Economic Times.
In the regulatory filing, the company said it was looking to adjust its compulsorily convertible preference shares (CCPS) in the ratio of 10:1 – of Rs 10 for every 1 CCPS of Rs 100 held by such CCPS holder. 10 equity shares pursuant to the issue of such bonus.
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