Delhivery IPO Detail
Delhivery (IPO) 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:
| 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;
- Funding organic growth.
- Funding inorganic growth through acquisition and strategic initiatives.
- 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 Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII (HNI) Shares Offered | Not 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 |
IPO Prospectus
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: [email protected]
Website: https://www.delhivery.com/
IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
IPO Reviews / Ratings
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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
