DTDC plans to go public, eyes ₹1,000 cr

DTDC plans to go public, eyes ₹1,000 cradminApril 2, 2022April 2, 2022

DTDC Express Ltd, one of India’s largest courier service providers, has begun work on its initial public offering to raise as much as ₹1,000 crore and plans to go public later this year, three people aware of the development said.

“Since work has just started on the IPO, the company has still not finalized the quantum of equity stake to be diluted or the amount to be raised through it, but the size of the fundraising is likely to be around ₹500-1,000 crore,” said the first person cited above, requesting anonymity. Some existing shareholders may also sell their shares, the person said.