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Delhivery IPO is a book built issue of Rs 5,235.00 crores. The issue is a combination of fresh issue of Rs 4,000.00 crores and offer for sale of Rs 1,235.00 crores.
Delhivery IPO bidding started from May 11, 2022 and ended on May 13, 2022. The allotment for Delhivery IPO was finalized on Thursday, May 19, 2022. The shares got listed on BSE, NSE on May 24, 2022.
Delhivery IPO price band is set at ₹462 to ₹487 per share. The minimum lot size for an application is 30 Shares. The minimum amount of investment required by retail investors is ₹14,610.
The issue includes a reservation of up to 457,665 shares for employees offered at a discount of Rs 25 to the issue price.
Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Pvt Ltd, Bofa Securities India Limited and Citigroup Global Markets India Private Limited are the book running lead managers of the Delhivery IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Delhivery IPO RHP for detailed information.
| IPO Date | May 11, 2022 to May 13, 2022 |
| Listing Date | May 24, 2022 |
| Face Value | ₹1 per share |
| Price Band | ₹462 to ₹487 per share |
| Lot Size | 30 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹5,235.00 Cr) |
| Fresh Issue | [.] shares (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 |
Delhivery IPO offers 62,541,023 shares. 33,863,662 (54.15%) to QIB, 16,931,818 (27.07%) to NII, 11,287,878 (18.05%) to RII, 457,665 (0.73%) to employees. 376,262 RIIs will receive minimum 30 shares and (sNII) and (bNII) will receive minimum 420 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 33,863,662 (54.15%) | NA |
| NII (HNI) Shares Offered | 16,931,818 (27.07%) | |
| Retail Shares Offered | 11,287,878 (18.05%) | 376,262 |
| Employee Shares Offered | 457,665 (0.73%) | NA |
| Total Shares Offered | 62,541,023 (100%) |
Delhivery IPO opens on May 11, 2022, and closes on May 13, 2022.
| IPO Open Date | Wednesday, May 11, 2022 |
| IPO Close Date | Friday, May 13, 2022 |
| Basis of Allotment | Thursday, May 19, 2022 |
| Initiation of Refunds | Friday, May 20, 2022 |
| Credit of Shares to Demat | Monday, May 23, 2022 |
| Listing Date | Tuesday, May 24, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 13, 2022 |
Investors can bid for a minimum of 30 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹14,610 |
| Retail (Max) | 13 | 390 | ₹189,930 |
| Lot Size Calculator | |||
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:
| 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 |
The market capitalization of Delhivery IPO is Rs 35283.22 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | -67.3 |
The net proceeds from the IPO will be used for below purposes;
[Dilip Davda] 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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 2.66 |
| NII | 0.30 |
| Retail | 0.57 |
| Employee | 0.27 |
| Total | 1.63 |
| Listing Date | May 24, 2022 |
| BSE Script Code | 543529 |
| NSE Symbol | DELHIVERY |
| ISIN | INE148O01028 |
| Final Issue Price | ₹487 per share |
| Price Details |
|---|
| Final Issue 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 |
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: delhivery.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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
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 amount required is ₹14,610.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Delhivery IPO will be done on Thursday, May 19, 2022, and the allotted shares will be credited to your demat account by Monday, May 23, 2022. Check the Delhivery IPO allotment status.
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