Dilliveri: Dilliveri has raised Rs 2,347 crore from 64 anchor investors.

MUMBAI: Logistics company Dillivari has raised ₹ 2,347 crore from 64 anchor investors ahead of its first initial public offering, which will open for subscription on Wednesday, May 11. About 48 million share anchor investors were allotted ₹ 487 each, with the price band for the IPO at the top end, according to investment bankers.

Some of the foreign investors participating in the anchor allocation are Tiger Global, Bay Capital, Steadview, Fidelity, Bailey Gifford, Schroeders, Amansa, Aberdeen Standard Life,

Government Pension Fund Global and Invesco HK.

Dillivari has raised ₹ 2,347 crore from 64 anchor investorsCompanies

About 14.59 million shares were allotted to seven domestic mutual funds, among other anchor investors, including Franklin Templeton, Invesco, Nippon and Mira.

Some domestic brokerages have recommended subscribing to Dilliveri IPO. “We believe that Dilliveri’s asset-light business model and its state-of-the-art engineering and automation capabilities and its new-age technology will help the company enhance its operating efficiency and improve profitability in the years to come,” Yes Securities said in a note.

The Delhi issue will use টাকা 2,000 crore to finance organic growth initiatives such as scaling up existing business lines, developing new adjacent business lines, expanding network infrastructure and upgrading and upgrading proprietary logistics operating systems. Further, it will use about ₹ 1,000 crore to finance inorganic growth opportunities through acquisitions and other strategic initiatives.

(BCCL and Times Internet were 1.19% and 4.92%, respectively, as of RHP filing date in Delhi)

Leave a Reply

Your email address will not be published.