Dillivari subscribed 1.63 times on the last day of IPO subscription

On the last day of the subscription, which ended on Friday, the sale of initial shares of supply chain company Dilliveri subscribed 1.63 times.

According to NSE, the offer received bids for 10,17,04,080 shares, of which 6,25,41,023 shares.

The share of eligible institutional buyers attracted 2.66 times the subscription, with 57 per cent subscribers for retail individual investors and 30 per cent subscribers for non-institutional investors.

The public issue of Rs 5,235 crore had offers of new issues up to Rs 4,000 crore and sales of up to Rs 1,235 crore.

The initial public offer price was Rs 462-487 per share.

On Tuesday, Delhi Anchor raised Rs 2,347 crore from investors.

Proceeds from the new issue will be used for funding through organic growth initiatives, acquisitions and other strategic initiatives and for general corporate purposes.

Delivery Express offers a full range of logistics services including parcel delivery, heavy goods delivery and warehousing.
The equity shares of the supply chain company will be listed on BSE and NSE.

The offer was managed by Morgan Stanley India Company, Kotak Mahindra Capital Company, Bofa Securities India and Citigroup Global Markets India.

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