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Delhivery Limited IPO (Delhivery IPO) Detail

May 11, 2022 - May 13, 2022

Delhivery provides a full range of Logistics services, including delivery of express parcel and heavy goods, PTL freight, TL freight, warehousing, supply chain solutions, cross-border Express, freight services, and supply chain software. The company also offers value-added services such as e-commerce return services, payment collection and processing, installation & assembly services, and fraud detection. Delhivery is the largest and fastest-growing fully integrated Logistics services player in India by revenue as of FY21.

The company has proprietary technology systems that enable it to offer integrated Logistics services to a wide variety of customers. Its technology stack consists of over 80 applications for all supply chain processes.

The company has built a nationwide network, servicing 17,045 PIN codes in the six months ended June 30, 2021, or 88.3% of the 19,300 PIN codes in India.

Its 164-network infrastructure includes 124 gateways, 20 automated sort centres, 83 fulfilment centres, 35 collection points, 24 returns processing centres, 249 service centres, 120 intermediate processing centres, and 2,235 direct delivery centres as of June 30, 2021. The company has engineering, data sciences, and product team of 474 professionals. The company served a diverse base of 21,342 active Customers across e-commerce, consumer durables, electronics, lifestyle, FMCG, industrial goods, automotive, healthcare, and retail.

Competitive strengths:

  • Rapid growth, scale, and synergies across business lines
  • Proprietary logistics technology systems
  • Data intelligence capabilities
  • An integrated portfolio of logistics services
  • Asset-light business model enabling rapid scale up
  • An experienced and entrepreneurial team from diverse backgrounds

Company Financials:

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

Objects of the Issue:

The net proceeds from the IPO will be used for below purposes;

  1. Funding organic growth.
  2. Funding inorganic growth through acquisition and strategic initiatives.
  3. General corporate purposes.

Delhivery IPO Details

Delhivery IPO Date May 11, 2022 to May 13, 2022
Delhivery IPO Face Value ₹1 per share
Delhivery IPO Price ₹462 to ₹487 per share
Delhivery IPO Lot Size 30 Shares
Issue Size[.] shares of ₹1
(aggregating up to ₹5,235.00 Cr)
Fresh Issue[.] shares of ₹1
(aggregating up to ₹4,000.00 Cr)
Offer for Sale[.] shares of ₹1
(aggregating up to ₹1,235.00 Cr)
Employee Discount Rs 25 per share
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares OfferedNot less than 75% of the Net Offer
Retail Shares OfferedNot more than 10% of the Net Offer
NII (HNI) Shares OfferedNot more than 15% of the Net Offer
Company Promoters

It is a professionally managed company with no identifiable promoters.

Delhivery IPO Timeline (Tentative Timetable)

Delhivery IPO opens on May 11, 2022, and closes on May 13, 2022. The Delhivery IPO bid date is from May 11, 2022 10.00 A.M. to May 13, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Delhivery IPO Opening Date May 11, 2022
Delhivery IPO Closing Date May 13, 2022
Basis of Allotment May 19, 2022
Initiation of Refunds May 20, 2022
Credit of Shares to Demat May 23, 2022
Delhivery IPO Listing Date May 24, 2022

Delhivery IPO Lot Size

The Delhivery IPO lot size is 30 shares. A retail-individual investor can apply for up to 13 lots (390 shares or ₹189,930).

Application Lots Shares Amount
Minimum 1 30 ₹14,610
Maximum 13 390 ₹189,930

Delhivery IPO Review

With continued losses, its IPO is priced with a negative P/E. Special accounting provisions kept its bottom lines in red for all these years despite growth in top lines. However, considering it's improving adjusted EBITDA margins (from -11.35% for FY19 to -0.72% for 9MFY22) DL is on the verge of turning the corner in the near term. Though its IPO is priced very aggressively, considering its growth plans and bright prospects ahead, this is a pure long term “High Risk – High Yield” bet. Cash surplus/risk seeker well-informed Investors may consider parking of funds. Read detail review...

New Delhivery IPO Recommendation by Members

Delhivery IPO Recommendations Details | Post Recommendation | Manage Recommendations

Subscribe Neutral Avoid
4 3 31

Delhivery IPO Subscription Status (Bidding Detail)

The Delhivery IPO is subscribed 1.63 times on May 13, 2022 5:00:00 PM. The public issue subscribed 0.57 times in the retail category, 2.66 times in the QIB category, and 0.30 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB2.66
NII0.30
Retail0.57
Employee0.27
Total1.63

Delhivery IPO Prospectus

Delhivery IPO Rating

624
2.6
Rating:Rated 2.6 stars
Vote Here ...

Delhivery IPO Listing Date

Listing Date Tuesday, May 24, 2022
BSE Script Code 543529
NSE Symbol DELHIVERY
Listing In B Group of Securities
ISIN INE148O01028
IPO Price ₹487 per share
Face Value ₹1 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹487.00
₹493.00
₹474.00
₹568.90
₹537.25
NSE
₹487.00
₹495.20
₹467.50
₹568.90
₹536.35

Company Contact Information

Delhivery Limited
N24-N34, S24-S34, Air Cargo Logistics Centre-II,
Indira Gandhi International Airport,
New Delhi 110037 Delhi, India
Phone: +91 124 6225602
Email: cscompliance@delhivery.com
Website: https://www.delhivery.com/

Delhivery IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: delhivery.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Delhivery IPO FAQs

Delhivery IPO is a main-board IPO of [.] equity shares of the face value of ₹1 aggregating up to ₹5,235.00 Crores. The issue is priced at ₹462 to ₹487 per share. The minimum order quantity is 30 Shares.

The IPO opens on May 11, 2022, and closes on May 13, 2022.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Delhivery IPO using UPI as a payment gateway. Zerodha customers can apply in Delhivery IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Delhivery IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Delhivery IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Delhivery IPO opens on May 11, 2022 and closes on May 13, 2022.

Delhivery IPO lot size is 30 Shares and the minimum order quantity is .

You can apply in Delhivery IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Delhivery IPO will be done on May 19, 2022, and the allotted shares will be credited to your demat account by May 23, 2022. Check the Delhivery IPO allotment status.

The Delhivery IPO listing date is on Tuesday, May 24, 2022.
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Delhivery IPO Message Board

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