DTDC preparing for Rs 600cr IPO

18 May 2015

DTDC, India's largest express delivery logistics player, is planning to enter the capital markets to raise Rs 600 crore through an initial public offering (IPO).

The Company plans to dilute up to 20 per cent of its stake, valuing it at Rs 3,000 crore.

As per the media reports, Abhishek Chakraborty, executive director DTDC Express, said, “We are infusing Rs 200 crore to expand our business by FY16-17 but that's not enough. So, we are ready to go public to tap funds for future growth. A 20 per cent dilution will fetch us Rs 600 crore and help us become India's largest logistics firm by 2020 in terms of market share.”

Source: Dion Global Type: IPO Related

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