Monday, December 23, 2024 | 12:08 AM ISTEN Hindi

Home / Markets / IPO / Delhivery IPO subscribed 23%; Venus Pipes sees 4.4 times subscription

Delhivery IPO subscribed 23%; Venus Pipes sees 4.4 times subscription

Both the IPOs close on Friday. Delhivery's IPO size is Rs 5,235 crore, second-biggest after LIC this year

Premium

BS Reporter

1 min read Last Updated : May 12 2022 | 11:42 PM IST

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

Topics : IPO Delhivery

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in