 "initial public offerings")
Logistics major Delhivery’s IPO was subscribed 23 per cent, while that of Venus Pipes & Tubes was subscribed 4.4 times on Thursday.
Both the IPOs close on Friday. Delhivery’s IPO size is Rs 5,235 crore, second-biggest after LIC this year. The company has already raised Rs 2,346 crore from anchor investors.
Delhivery is looking to raise Rs 4,000 crore of fresh capital through the IPO and the remaining Rs 1,235 crore is an offer for sale (OFS).
“At the upper band of its IPO price of Rs 487, Delhivery is valued at 2.4 times FY24 EV/Sales. This
Both the IPOs close on Friday. Delhivery’s IPO size is Rs 5,235 crore, second-biggest after LIC this year. The company has already raised Rs 2,346 crore from anchor investors.
Delhivery is looking to raise Rs 4,000 crore of fresh capital through the IPO and the remaining Rs 1,235 crore is an offer for sale (OFS).
“At the upper band of its IPO price of Rs 487, Delhivery is valued at 2.4 times FY24 EV/Sales. This
