Delhivery aims IPO for Q1 as market sentiment improves for large offerings

Offer is pegged to be around Rs 7,000 crore, rides on a positive outlook for sector

Logistics company Delhivery aims to launch its initial public offering (IPO) in the June 2022 quarter, said investment bankers who know about the plans.

The Gurugram-based company filed in November its draft red herring prospectus with market regulator Securities and Exchange Board of India (Sebi). It got Sebi’s approval for the IPO in January.

Challenging market conditions due to the US Federal Reserve’s hawkish pivot and Russia’s attack on Ukraine have roiled the IPO market after a record-breaking 2021.

"The market has seen an improvement in the past one week amid talks of ceasefire between Russia and Ukraine.