Delhivery IPO vs Tracxn Technologies IPO

Comparision between Delhivery IPO and Tracxn Technologies IPO.

IPO Details

Delhivery IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Tracxn Technologies IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Delhivery IPO	Tracxn Technologies IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd Bofa Securities India Limited Citigroup Global Markets India Private Limited	Iifl Securities Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Delhivery IPO is up to ₹5,235.00 Cr whereas the issue size of the Tracxn Technologies IPO is up to ₹309.38 Cr. The final issue price of Delhivery IPO is ₹487.00 per share and of Tracxn Technologies IPO is ₹80.00 per share.

	Delhivery IPO	Tracxn Technologies IPO
Face Value	₹1 per share	₹1 per share
Issue Price (Lower)	₹462.00 per share	₹75.00 per share
Issue Price (Upper)	₹487.00 per share	₹80.00 per share
Issue Price (Final)	₹487.00 per share	₹80.00 per share
Discount (Retail)
Discount (Employee)	₹25.00 per share
Market Lot Size	30 shares	185 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹4,000.00 Cr
OFS Issue Size		3,86,72,208 shares
OFS Issue Size (Amount)	up to ₹1,235.00 Cr	up to ₹309.38 Cr
Issue Size Total		3,86,72,208 shares
Issue Size Total (Amount)	up to ₹5,235.00 Cr	up to ₹309.38 Cr

IPO Timetable

Delhivery IPO opens on May 11, 2022, while Tracxn Technologies IPO opens on Oct 10, 2022. The closing date of Delhivery IPO and Tracxn Technologies IPO is May 13, 2022, and Oct 12, 2022, respectively.

	Delhivery IPO	Tracxn Technologies IPO
Anchor Bid Date
Issue Open	May 11, 2022	Oct 10, 2022
Issue Close	May 13, 2022	Oct 12, 2022
Basis Of Allotment (Tentative)	May 19, 2022	Oct 17, 2022
Initiation of Refunds (Tentative)	May 20, 2022	Oct 18, 2022
Credit of Share (Tentative)	May 23, 2022	Oct 19, 2022
Listing date (Tentative)	May 24, 2022	Oct 20, 2022
Anchor Lockin End date 1	Jun 18, 2022	Nov 16, 2022
Anchor Lockin End date 2	Aug 17, 2022	Jan 15, 2023

Financials

Delhivery IPO P/E ratio is -67.3, as compared to Tracxn Technologies IPO P/E ratio of 240.

Delhivery IPO

Tracxn Technologies IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in million)
	31-Dec-21	31-Dec-20	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	84,294.83	47,847.56	45,977.98	43,573.08	40,625.45
Total Revenue	49,114.06	28,065.29	38,382.91	29,886.29	16,948.74
Profit After Tax	-8,911.39	-2,974.92	-4,157.43	-2,689.26	-17,833.04

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Crore)
	30-Jun-22	30-Jun-21	31-Mar-22	31-Mar-21	31-Mar-20
Total Assets	56.78	49.93	54.01	48.46	52.38
Total Revenue	19.08	15.44	65.16	55.74	6.31
Profit After Tax	0.923	-0.837775	-4.852	-4.152	-54.826
Net Worth	22.98	22.04	20.64	22.22	-135.24
Reserves and surplus	12.95	21.14	10.61	21.32	-135.44

Promoter Shareholding (Pre-Issue)

50.93%

Promoter Shareholding (Post-Issue)

35.65%

P/E Ratio

-67.3

240

Market Cap

₹35283.22 Cr.

₹802.48 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Delhivery IPO retail investors (RII) are offered 1,12,87,878 shares while in Tracxn Technologies IPO retail investors are offered 1,12,87,878 shares. Qualified institutional buyers (QIB) are offered 3,38,63,662 shares in Delhivery IPO and 1,16,01,663 shares in Tracxn Technologies IPO.

	Delhivery IPO	Tracxn Technologies IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	3,38,63,662 shares	1,16,01,663 shares
NII	1,69,31,818 shares	58,00,831 shares
RII	1,12,87,878 shares	38,67,220 shares
Employee	4,57,665 shares	0 shares
Others
Total	6,25,41,023 shares	2,12,69,714 shares

Bids Received (Subscription)

Delhivery IPO subscribed 1.63x in total, whereas Tracxn Technologies IPO subscribed 2.01x.

	Delhivery IPO	Tracxn Technologies IPO
QIB (times)	2.66x	1.66x
NII (times)	0.30x	0.80x
Big NII (times)		0.72x
Small NII (times)		0.94x
RII (times)	0.57x	4.87x
Employee (times)	0.27x
Other (times)	0.00x
Total (times)	1.63x	2.01x

Compare with others

Delhivery IPO	Tracxn Technologies IPO
Hariom Pipe Industries IPO	LIC IPO
Veranda Learning IPO	Manyavar IPO
Uma Exports IPO	Delhivery IPO
LIC IPO	AGS Transact IPO
Manyavar IPO	CMS Info Systems IPO
AGS Transact IPO	Supriya Lifescience IPO
CMS Info Systems IPO	Medplus Health IPO
Tracxn Technologies IPO	HP Adhesives IPO
Supriya Lifescience IPO	Metro Brands IPO
Medplus Health IPO	Shriram Properties IPO

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