Delhivery IPO vs Veranda Learning IPO

Comparision between Delhivery IPO and Veranda Learning IPO.

IPO Details

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

	Delhivery IPO	Veranda Learning 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	Systematix Corporate Services Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
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 Veranda Learning IPO is up to ₹200.00 Cr. The final issue price of Delhivery IPO is ₹487.00 per share and of Veranda Learning IPO is ₹137.00 per share.

	Delhivery IPO	Veranda Learning IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹462.00 per share	₹130.00 per share
Issue Price (Upper)	₹487.00 per share	₹137.00 per share
Issue Price (Final)	₹487.00 per share	₹137.00 per share
Discount (Retail)
Discount (Employee)	₹25.00 per share
Market Lot Size	30 shares	100 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹4,000.00 Cr	up to ₹200.00 Cr
OFS Issue Size
OFS Issue Size (Amount)	up to ₹1,235.00 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹5,235.00 Cr	up to ₹200.00 Cr

IPO Timetable

Delhivery IPO opens on May 11, 2022, while Veranda Learning IPO opens on Mar 29, 2022. The closing date of Delhivery IPO and Veranda Learning IPO is May 13, 2022, and Mar 31, 2022, respectively.

	Delhivery IPO	Veranda Learning IPO
Anchor Bid Date
Issue Open	May 11, 2022	Mar 29, 2022
Issue Close	May 13, 2022	Mar 31, 2022
Basis Of Allotment (Tentative)	May 19, 2022	Apr 05, 2022
Initiation of Refunds (Tentative)	May 20, 2022	Apr 06, 2022
Credit of Share (Tentative)	May 23, 2022	Apr 06, 2022
Listing date (Tentative)	May 24, 2022	Apr 11, 2022
Anchor Lockin End date 1	Jun 18, 2022	May 05, 2022
Anchor Lockin End date 2	Aug 17, 2022	Jul 04, 2022

Financials

Delhivery IPO P/E ratio is -67.3, as compared to Veranda Learning IPO P/E ratio of .

Delhivery IPO

Veranda Learning 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 (Rs in Millions)
	30-Sep-21	31-Mar-21
Total Assets	3,073.65	115.19
Total Revenue	156.61	25.45
Profit After Tax	(182.69)	(82.79)

Promoter Shareholding (Pre-Issue)

89.22%

Promoter Shareholding (Post-Issue)

65.87%

P/E Ratio

-67.3

Market Cap

₹35283.22 Cr.

₹764.12 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 Veranda Learning 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 43,79,562 shares in Veranda Learning IPO.

	Delhivery IPO	Veranda Learning IPO
Anchor Investor Reserveration		65,69,343 shares
Market Maker Reserveration
QIB	3,38,63,662 shares	43,79,562 shares
NII	1,69,31,818 shares	21,89,781 shares
RII	1,12,87,878 shares	14,59,854 shares
Employee	4,57,665 shares
Others
Total	6,25,41,023 shares	1,45,98,540 shares

Bids Received (Subscription)

Delhivery IPO subscribed 1.63x in total, whereas Veranda Learning IPO subscribed 3.53x.

	Delhivery IPO	Veranda Learning IPO
QIB (times)	2.66x	2.02x
NII (times)	0.30x	3.87x
Big NII (times)
Small NII (times)
RII (times)	0.57x	10.76x
Employee (times)	0.27x
Other (times)	0.00x
Total (times)	1.63x	3.53x

Compare with others

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Hariom Pipe Industries IPO	Rainbow Children Medicare IPO
Veranda Learning IPO	Campus Activewear IPO
Uma Exports IPO	Venus Pipes & Tubes IPO
LIC IPO	Ethos Limited IPO
Manyavar IPO	Hariom Pipe Industries IPO
AGS Transact IPO	Uma Exports IPO
CMS Info Systems IPO	LIC IPO
Tracxn Technologies IPO	Manyavar IPO
Supriya Lifescience IPO	Delhivery IPO
Medplus Health IPO	AGS Transact IPO

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