Home / Markets / IPO / After LIC, Delhivery likely to launch downsized public offering in May

After LIC, Delhivery likely to launch downsized public offering in May

Delhivery's IPO will be second biggest this year after LIC

Delhivery was, till recently, planning to launch an IPO, but experts believe those plans would be put on the backburner

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3 min read Last Updated : May 02 2022 | 6:05 AM IST

Logistics services provider Delhivery is likely to launch its downsized initial public offering (IPO) next week, said people in the know. The Softbank-backed firm may trim its issue size from Rs 7,460 crore to Rs 5,500 crore to align with the volatile market conditions, sources said.

Sources added the fresh issue component of the IPO could be reduced to Rs 4,500 crore and the OFS component to Rs 1,000 crore. The company intends to wrap its IPO before May 15, failing which it will have to update its offer document with the latest financial numbers.

In a similar move, state-owned insurance

Topics : LIC IPO Delhivery IPOs

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