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Shares of Delhivery Ltd ended at ₹316.75, down by ₹5.00 or 1.55% on the BSE.

The RBI’s 25 bps rate cut is expected to lower government borrowing costs by reducing bond yields. This could make fundraising cheaper and ease fiscal pressures. Additionally, small savings scheme rates, including PPF, NSC, and SCSS, may see downward revisions in the coming quarters as they are linked to government bond yields.

The fund outlay is set at ₹17,700 crore in the revised estimates for FY25 and ₹19,300 crore in the Budget estimates for FY26. The OIDF will be financed through collections from the existing oil cess, ensuring a steady stream of resources to support key energy and agricultural subsidies.

According to Bloomberg, Zetwerk has selected several banks to facilitate its IPO, including Axis Capital, Goldman Sachs, Jefferies, JM Financial, JPMorgan Chase, and Kotak Mahindra Bank. The public offering is expected to raise at least $500 million, with a potential valuation of approximately $5 billion.