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Delhivery Limited IPO Detail

Delhivery Limited IPO Detail

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 Promoters

It is a professionally managed company with no identifiable promoters.

IPO Details

IPO Opening DateMay 11, 2022
IPO Closing DateMay 13, 2022
Issue TypeBook Built Issue IPO
Face Value₹1 per equity share
IPO Price ₹462 - 487 per equity share
Market Lot30 Shares
Min Order Quantity30 Shares
Listing AtBSE, NSE
Issue Size₹7,460.00 Cr
Fresh Issue₹5,000.00 Cr
Offer for Sale₹2,460.00 Cr
Employee Discount₹Rs 25 per share
Retail Portion 10%

IPO Subscription (Bidding Detail)

Day 1 0.28x 0.01x 0.3x 0.06x - 0.21x
Day 2 0.28x 0.01x 0.39x 0.12x - 0.23x
Day 3 2.66x 0.3x 0.57x 0.27x - 1.63x

IPO Tentative Timetable

The Delhivery Limited IPO open date is May 11, 2022, and the close date is May 13, 2022. The issue may list on May 24, 2022.

IPO Open DateMay 11, 2022
IPO Close DateMay 13, 2022
Basis of Allotment DateMay 19, 2022
Initiation of RefundsMay 20, 2022
Credit of Shares to Demat AccountMay 23, 2022
IPO Listing DateMay 24, 2022

IPO Lot Size

The Delhivery Limited IPO market lot size is 30 shares. A retail-individual investor can apply for up to 13 lots (390 shares or ₹189930).

ApplicationLotsSharesAmount (Cut-off)

Company Financials:

For the year/period ended (₹ in Million)

Financial Year Total Assets Total Revenue Profit After Tax
30-Jun-21 65,821.92 13,640.11 -1,295.80
31-Mar-21 45,977.98 38,382.91 -4,157.43
31-Mar-20 43,573.08 29,886.29 -2,689.26
31-Mar-19 40,625.45 16,948.74 -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 Limited IPO Registrar:

Link Intime India Private Ltd

Delhivery Limited IPO Lead Manager(s):

Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Pvt Ltd, BofA Securities India Limited, Citigroup Global Markets India Private Limited

Company Contact Information:

Delhivery Limited

N24-N34, S24-S34, Air Cargo Logistics Centre-II,

Indira Gandhi International Airport,

New Delhi 110037 Delhi, India